sona labs

Early Stage

music as medicine: science-backed music for anxiety relief

Overview

Raised to Date: Raised: $82,471

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/07/2022

Close Date

01/04/2023

Min. Goal

$10,000

Max. Goal

$1,235,000

Min. Investment

$300

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$20.00

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

825%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$927

# of Investors

26

Momentum
Funded
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Location

Los Angeles, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

sona labs, with a valuation of $20 million, is raising funds on StartEngine. It is a digital therapeutics company that uses the power of restorative music to improve mental health. The company makes original music based on scientific research and delivers it through virtual reality, augmented reality, mobile phones, and live experiences. The clinical trials of sona labs have been approved by FDA, making it the first FDA-approved sound therapy solution for anxiety. Neal Sarin founded sona labs in April 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,235,000. The campaign proceeds will be used to partner with global healthcare institutions and hospitals to distribute the app.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$11,199

$3,650

COGS

$121,144

$86,145

Tax

$0

$0

 

 

Net Income

$-390,150

$-146,739

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$191,996

$9,753

Accounts Receivable

$560

$0

Total Assets

$192,557

$9,753

Short-Term Debt

$96

$700

Long-Term Debt

$525,000

$76,000

Total Liabilities

$525,096

$76,700

Financials as of: 10/07/2022
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sona labs on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000

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