Zendo

Zendo

Early Stage

A Wearable Neuromodulation Device That’s Disrupting the Wellness Industry

A Wearable Neuromodulation Device That’s Disrupting the Wellness Industry

Overview

Raised this Round: Raised: $158,828

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/07/2022

Close Date

02/06/2023

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

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$9,997,104

Year Founded

2017

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Charleston, South Carolina

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: 11/07/2022
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Zendo on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $9,997,104
Price per Share: $1.00

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Follow Zendo on StartEngine 2022

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