Zendo

Early Stage

A Wearable Neuromodulation Device That’s Disrupting the Wellness Industry

Overview

Raised to Date: Raised: $152,773

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/08/2022

Close Date

02/06/2023

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$9,997,104

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

4

% of Min. Goal

1,528%

% of Max. Goal

14%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,776

# of Investors

55

Momentum
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Location

Charleston, South Carolina

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Zendo, with a valuation of $10 million, is raising funds on StartEngine. The company has developed a patent-pending wearable neuromodulation device that makes meditation easy. The device uses gentle neurostimulation and activates the parts of the brain involved in expert meditation. Zendo is, therefore, being used to enhance human wellness, transformation, and performance. The next-gen device is being developed to include a wireless headband integrated with a companion meditation app and has exciting collaborations, including the one with the US Performance Center. Bashar Badran and Baron Short founded Zendo in May 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used to finalize the second generation Zendo and launch it.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,710

$13,641

COGS

$40,054

$10,228

Tax

$0

$0

 

 

Net Income

$-107,112

$-124,076

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$160,182

$26,081

Accounts Receivable

$0

$0

Total Assets

$195,022

$96,483

Short-Term Debt

$43,087

$37,436

Long-Term Debt

$200,000

$0

Total Liabilities

$243,087

$37,436

Financials as of: 11/08/2022
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Zendo on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $9,997,104

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