The Zone
Early Stage
The Zone is a personal mental wellness coach in the pockets of athletes
Overview
Raised: $152,665
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/14/2022
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
Price Per Share
$3.65
Pre-Money Valuation
$4,453,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,914
# of Investors
22
Momentum
Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 02/14/2022
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