Waverly Labs

Waverly Labs

Early Stage

Pilot Translating Earpiece

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/22/2017

Close Date

11/25/2017

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$295

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$11,412,773

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/30/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$356,667

# of Investors

1,453

Momentum
Funded
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Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Location

Brooklyn, New York

Remember the Universal Translator from Star Trek? Imagine if you had one with you -- imagine the opportunities you’d have!

Waverly Labs imagined those opportunities….and then decided to make those science fiction opportunities into reality. Waverly Labs is an innovative consumer products company that combines speech translation with sleek wearable technology, and their Pilot Translating Earpiece means you never have to be lost-in-translation again. Simply pop one of the small wireless earpieces in your ear, and give the other earpiece to the person you’re speaking with. Easily set up which languages you are each speaking in the Waverly Labs app, and voila! It translates your conversation in real-time. All you need is bluetooth and a data connection, and you can have your own version of Star Trek’s Universal Translator.

Right now, there are more than 15 languages available including Spanish, English, French, Arabic, Mandarin Chinese, Russian, and Japanese. The earpieces are noise-cancelling, have a full day battery life, and can be used to listen to music and make and receive calls. The app also allows for real-time text translation, so you can keep the conversation going wherever you are.

Needless to say, Waverly Labs has hit the ground running. In less than 18 months, they’ve generated more than $5.5 million in gross revenues, with over 25,500 Pilot earpieces pre-sold. Their 2016 Indiegogo campaign raised an amazing $4.4 million, surpassing their original goal by 3181%. On November 17th, 2017, they launched their first public offering, and within three days they reached the maximum investment amount allowed! Now, they’re opening up a second investment opportunity designed specifically for accredited investors, with the purpose of addressing more advanced speech translation challenges and focusing on partnerships and retail strategies.

As globalization increases, so does the global market for language services. In fact, it’s expected to surpass $45 billion annually by 2020. There’s more of a demand than ever for bridging language barriers -- and Waverly Labs has found a way to do it. They’ve imagined a world where everyone can communicate easily with each other….and they’ve made that world a reality.

“Who Should Be Interested in This Offer:”
Waverly Labs’ products can be used by everyone. From traveling adventures, to teachers who need to speak to parents, to coffee buyers who need to talk with farmers in Central America, the Pilot App and Earpiece provides instant communication with real-time translation. Just think of the opportunities that would exist if everyone could speak to each other! Investing in Waverly Labs means investing in those opportunities. Imagine the benefits.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Waverly Labs 08/31/2022 StartEngine $41,992,181 $197,961 Equity - Common Funded 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
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,412,773
Price per Share: $2.50

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