Waverly Labs

[Closed for Investment] Waverly Labs, an innovative voice and language products company, is raising funds on StartEngine through Test the Waters / Reg A+ crowdfunding. The over-the-ear interpreter of Waverly Labs can translate over 20 languages and help cross the language barrier in business and commerce. Andrew Ochoa and Sergio Delrio Diaz founded Waverly Labs in 2014 and have raised over $2.1 million in previous rounds of financing. The current round of crowdfunding does not have a minimum target and a maximum target of $9,999,998, and the funds will be used towards production, research and development, marketing, and working capital. Waverly Labs has generated lifetime revenues of $9.2 million and has partnered with companies like Walmart, Hilton, and Amazon Fulfillment Centers.

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Investment Overview

Raised this Round: Raised: $753,295

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/23/2020
Close Date
Testing the Waters
Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$496

Security Type

Equity - Common

Series

Series A

SEC Filing Type

Test the Waters / RegA+    Open SEC Filing

Price Per Share

$8.86

Pre-Money Valuation

$40,000,000

Company & Team

Company

Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Brooklyn, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Andrew Ochoa
Title
CEO
Founder Name
Sergio DelRio
Title
Director of Design Engineering

Financials

 Revenue
$456,114
 Cash on Hand
$0
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2022 StartEngine $41,992,181 $197,961 Equity - Common Funded RegCF
11/10/2021 StartEngine $40,000,000 $1,067,051 Equity - Common Funded RegA+
01/23/2021 StartEngine $40,000,000 $753,295 Equity - Common Funded Test the Waters / RegA+
02/15/2020 StartEngine $14,000,000 $1,054,519 Equity - Common Funded RegCF
11/25/2017 StartEngine $11,412,773 $1,070,000 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Waverly Labs on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,000,000
Price per Share: $8.86

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