Exist Tribe

The World's Smartest Sleep Companion

Analytics

Raised to Date: Raised: $56,653

Aggregate Commitments $
Platform

Wefunder

Start Date

07/02/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$3,000,000

Discount Rate

18%

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

276

% of Min. Goal

113%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$2,179

# of Investors

22

Momentum
hot
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Location

Chula Vista, California

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Exist Tribe, with a valuation cap of $3 million, is raising funds on Wefunder. The company has used patent-pending technology to create the world’s smartest sleep companion. Yoga Sleep Node comes with perfectly engineered sound, full-spectrum morning light, and Zero-Blue night light to improve sleep quality. Robert Sweetman founded Exist Tribe in January 2019. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for product release marketing campaign, product manufacturing, inventory, and software development. Exist Tribe’s flagship product has $18,000 in pre-orders and is going to market this year. The product has also received interest from the US Navy for ship racks.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$22,180

$34,783

COGS

$32,295

$25,548

Tax

$623

$0

 

 

Net Income

$-44,482

$-29,030

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$11,195

$4,335

Accounts Receivable

$0

$0

Total Assets

$11,195

$4,335

Short-Term Debt

$85,069

$33,725

Long-Term Debt

$0

$0

Total Liabilities

$85,069

$33,725

Financials as of: 07/02/2021
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