Waverly Labs (2022)
About this raise
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.
Investment Overview
Invested : $197,961
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/01/2022
- Close Date
- 08/31/2022
$9,995
$1,199,996
$489
Equity - Common
Series A
RegCF
$9.78
$41,992,181
Company & Team
Company
- Year Founded
- 2014
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +97% YoY
- $832,033
- Monthly Burn
- $103,897
-
Runway
- 5.9 months
- Gross Margin
- 24%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,000,000
- VC Backed?
- No
| 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 |
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.