BackAlert

BackAlert

Early Stage

Sensor Connected Therapeutic Workouts to Stop Slouching and Reduce Back Pain

Sensor Connected Therapeutic Workouts to Stop Slouching and Reduce Back Pain

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/31/2019

Close Date

02/21/2020

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

02/22/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2015

Industry

Fitness & Wellness

Tech Sector

Location

Newport Beach, California

BackAlert, with a valuation cap of $4 million, is raising funds on WeFunder. The company manages back pain of its customers through sensor-enabled physical therapy equipment. The solution offered by BackAlert also includes an interactive 21-day video system that focuses on strengthening, stretching, and massaging. BackAlert was founded by Doug Hoang in 2015 and has raised over $2.4 million since its founding. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $107,000, and the funds will be used for marketing and working capital for inventory. BackAlert has signed nine contracts in the past three months and expects to generate $160,000 in revenues. The company uses artificial intelligence and machine learning to create wellness experience.
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BackAlert on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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