The Zone

The Zone

Closed: Mar. 2022

About this raise

The Zone, with a valuation of $4.45 million, is raising funds on Wefunder. The company has developed a mental wellness platform for athletes. The platform helps student-athletes discover the cause of their mental health struggles, enables awareness and provides access to support. The Zone is led by an experienced team and has current partnerships with Griggins and Morgan Stanley Global Sports & Entertainment. Ivan Thatchouwo and Erik Poldroo founded The Zone in April 2017. The current crowdfunding campaign has a minimum target of $79,997 and a maximum target of $176,102. The campaign proceeds will be used for hiring software engineers, hosting, enterprise authentication, and branding.

Expand

Investment Overview

Invested this round: $152,665

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/15/2022
Close Date
03/26/2022
Min. Goal
$79,997
Max Goal
$176,102
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.65

Pre-Money Valuation

$4,453,000

Company & Team

Company

Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Bronx, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Ivan Tchatchouwo
Title
CEO
Founder Name
Erik Poldroo
Title
COO

Financials

 Revenue
$0
 Monthly Burn
$4,637
 Runway
2.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-55,639

$-19,501

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,951

$0

Accounts Receivable

$0

$0

Total Assets

$10,951

$0

Short-Term Debt

$5,200

$0

Long-Term Debt

$41,300

$0

Total Liabilities

$46,500

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/26/2022 Wefunder $4,453,000 $152,665 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
The Zone on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $4,453,000
Price per Share: $3.65

Follow company

Follow The Zone on Wefunder 2022

Buy The Zone's Deal Report

Warning: according to the close date for this deal, The Zone may no longer be accepting investments.

The Zone Deal Report

Get Kingscrowd's comprehensive report on The Zone including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether The Zone is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the The Zone deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge