ZenVR
Early Stage
Meditation built for our future: immersive, educational, accessible to all
Overview
Raised: $185,251
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/14/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,000,000
Valuation Cap
$4,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,116
# of Investors
80
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 11/14/2022
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