Waverly Labs

Waverly Labs

Early Stage

Over-the-Ear Interpreter

Overview

Raised this Round: Raised: $197,961

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/31/2022

Close Date

08/31/2022

Min. Goal
$9,995
Max. Goal
$1,199,996
Min. Investment

$489

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.78

Pre-Money Valuation

$41,992,181

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

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: 05/31/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Waverly Labs 08/30/2022 StartEngine $41,992,181 $197,961 Equity - Common Funded RegCF
Waverly Labs 11/09/2021 StartEngine $40,000,000 $1,067,051 Equity - Common Funded RegA+
Waverly Labs 01/22/2021 StartEngine $40,000,000 $753,295 Equity - Common Funded Test the Waters / RegA+
Waverly Labs 02/14/2020 StartEngine $14,000,000 $1,054,519 Equity - Common Funded RegCF
Waverly Labs 11/24/2017 StartEngine $11,412,773 $1,070,000 Equity - Common Funded RegCF
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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 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $41,992,181
Price per Share: $9.78

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