Over-the-Ear Interpreter

Analytics

Raised to Date: 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
unlikely
Avg. Daily Raise

$5,216

Momentum
cold.svg
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Location

Brooklyn, New York

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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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Waverly Labs on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $41,992,181
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