ZenVR

ZenVR

Early Stage

Meditation built for our future: immersive, educational, accessible to all

Meditation built for our future: immersive, educational, accessible to all

Overview

Raised this Round: 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    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$4,500,000

Discount

0%

Year Founded

2020

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Brookhaven, Georgia

Business Type

Growth

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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ZenVR on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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