ZenVR
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.
Investment Overview
Invested : $185,251
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/15/2022
- Close Date
- 04/30/2023
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$3,000,000
$4,500,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $2,716
- Monthly Burn
- $82
-
Runway
- 6.1 months
- Gross Margin
- 11%
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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 |