BackAlert on Wefunder

Sensor Connected Therapeutic Workouts to Stop Slouching and Reduce Back Pain

Raise to date: $12,745

Reporting Date: 01/22/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$107,000

Likelihood of Max Unlikely
Start Date

11/01/2019

Stop Date

02/21/2020

Days Remaining

27

Security Type

SAFE

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

24

% of Minimum Raised

25%

% of Maximum Raised

12%

Dollars Per Day to Reach Max

$3,491

DPD* Committed

$155

DPD* Category

$0

DPD* All Companies

$1,113

Kingscrowd Momentum

$12,745

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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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