Waverly Labs
Over-the-Ear Interpreter
Analytics
Raised: $125,172
Aggregate Commitments $
Platform
StartEngine
Start Date
06/01/2022
Close Date
07/01/2022
Min. Goal
$9,995
Max. Goal
$1,199,996
Min. Investment
$489
Security Type
Equity - Common
Funding Type
RegCF
Series
Series A
Price Per Share
$9.78
Pre-Money Valuation
$41,992,181
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
6
% of Min. Goal
1,252%
% of Max. Goal
10%
Likelihood of Max
Avg. Daily Raise
$5,216
Momentum
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Location
Brooklyn, New York
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Waverly Labs, with a valuation of $42 million, is raising funds on StartEngine. It is an innovative voice and language products company. The over-the-ear interpreter of Waverly Labs can translate over 20 languages and help cross the language barrier in business and commerce. Waverly Labs has generated lifetime revenues of $10 million with a 96% year-over-year growth from 2020 to 2021. The company has partnered with companies like Walmart, Hilton, and Amazon Fulfillment Centers for its B2B testing. Andrew Ochoa and Sergio Delrio Diaz founded Waverly Labs in 2014. The current crowdfunding campaign has a minimum target of $9,995.16 and a maximum target of $1,199,996.22. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$832,033 |
$423,312 |
|
COGS |
$631,479 |
$348,510 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,246,760 |
$-1,135,320 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$614,968 |
$136,408 |
|
Accounts Receivable |
$5,557 |
$0 |
|
Total Assets |
$1,186,593 |
$627,242 |
|
Short-Term Debt |
$490,551 |
$889,897 |
|
Long-Term Debt |
$496,335 |
$101,845 |
|
Total Liabilities |
$986,886 |
$991,742 |
Financials as of: 06/01/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Waverly Labs | 07/01/2022 | StartEngine | $41,992,181 | $125,172 | Equity - Common | Active | RegCF |
| Waverly Labs | 11/10/2021 | StartEngine | $40,000,000 | $1,067,051 | Equity - Common | Funded | RegA+ |
| Waverly Labs | 01/23/2021 | StartEngine | $40,000,000 | $753,295 | Equity - Common | Funded | Test the Waters / RegA+ |
| Waverly Labs | 02/15/2020 | StartEngine | $14,000,000 | $1,054,519 | Equity - Common | Funded | RegCF |
| Waverly Labs | 11/25/2017 | StartEngine | $11,412,773 | $1,070,000 | Equity - Common | Funded | RegCF |
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