ZenVR

ZenVR

Closed: Apr. 2023

About this raise

ZenVR, with a valuation of $4.5 million, is raising funds on Wefunder. It is a meditation app that contains hours of immersive reality meditation content. The app makes the users feel they are in the meditation room and offers a real-life experience that matches everyone’s schedule and lifestyle. Additionally, the content on ZenVR is research-backed and education-focused to keep the users returning to the app. ZenVR reported 710 total app purchases in the first year and has been ranked the number one meditation app on Quest. Matt Golino founded ZenVR in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for contract development, outbound marketing, generating new meditation content, polishing the existing experience, and developing a VR-centric community.

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Investment Overview

Invested this round: $185,251

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/15/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$4,500,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Brookhaven, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Eric Bruce
Title
CMO
Founder Name
Matt Golino
Title
CEO

Financials

 Revenue
$2,716
 Monthly Burn
$82
 Runway
6.1 months
 Gross Margin
11%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,716

$0

COGS

$2,410

$1,080

Tax

$0

$0

 

 

Net Income

$-983

$-1,758

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$500

$3,716

Accounts Receivable

$0

$0

Total Assets

$1,931

$3,716

Short-Term Debt

$700

$1,474

Long-Term Debt

$0

$0

Total Liabilities

$700

$1,474

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$30,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $4,500,000 $185,251 SAFE Funded RegCF
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Add to portfolio
ZenVR on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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Warning: according to the close date for this deal, ZenVR may no longer be accepting investments.

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