Innovega

Innovega

Testing the Waters
Growth Stage

Smart contact lenses and glasses that deliver high-performance AR/VR experiences

Smart contact lenses and glasses that deliver high-performance AR/VR experiences

Overview

Raised to Date: Raised: $1,009,902

Total Commitments ($USD)

Platform

SeedInvest

Start Date

03/09/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$999

Security Type

Equity - Preferred

SEC Filing Type

Test the Waters    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$54,269,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$24,045

Momentum
Funded
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Year Founded

2008

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Location

Bellevue, Washington

Innovega, with a pre-money valuation of $54.2 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company makes and sells smart contact lenses and glasses that deliver high-quality AR/VR experiences. The experience is provided through eMascula, the wearable display system of Innovega. Stephen Willey and Jerome Legerton founded Innovega in 2008 and raised over $11 million in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum target of $750,000 and a maximum target of $15,000,000, will be used towards corporate payroll, clinical expenses, engineering expenses, administration expenses, and facilities and equipment. Innovega has 14 issued US patents and 13 pending patents. The product of Innovega has completed pre-clinical testing, and clinical trials are underway.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Innovega 09/29/2022 StartEngine $54,300,000 $580,719 Equity - Preferred Funded RegA+
Innovega 12/22/2021 SeedInvest $54,269,000 $5,551,837 Equity - Preferred Funded RegA+
Innovega 04/20/2021 SeedInvest $54,269,000 $1,009,902 Equity - Preferred Funded Test the Waters
Innovega 03/25/2019 SeedInvest - $600,000 Debt Funded RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Innovega on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $54,269,000
Price per Share: $3.00

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

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