Zendo
Early Stage
A Wearable Neuromodulation Device That’s Disrupting the Wellness Industry
Overview
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
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
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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