Innovega

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

Analytics

Raised to Date: $1,285,071

Aggregate Commitments $
Platform

SeedInvest

Start Date

04/21/2021

Close Date

06/30/2021

Min. Goal

$750,000

Max. Goal

$15,000,000

Min. Investment

$999

Security Type

Equity - Preferred

Funding Type

RegA+

Series

Series A

Pre-Money Valuation

$54,269,000

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

46

% of Min. Goal

171%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$61,194

# of Investors

513

Momentum
cool
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Bellevue, Washington

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Innovega, with a pre-money valuation of $54.2 million, is raising funds 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.

Balance Sheet

Cash and Cash Equivalents

$1,682,476

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$500,466

Property and Equipment

$0

Total Assets

$2,182,942

Accounts Payable & Accrued Liabilities

$770,746

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$4,021,153

Total Liabilities

$4,791,899

Total Stockholders' Equity

$-2,608,957

Total Liabilities and Equity

$2,182,942

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$65,111

Net Income

$-1,745,437

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: FRUCI & ASSOCIATES II, PLLC
Log in or create a free account today to gain access to KingsCrowd analytics.
Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
06/30/2021 SeedInvest $54,269,000 $1,285,071 Equity - Preferred Active RegA+
04/21/2021 SeedInvest $54,269,000 $1,009,902 Equity - Preferred Confirmed Closed Test the Waters
Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to Gain Access
Pay Monthly
Annually (Save 17%)

Pro

$25 /month
billed annually
Unlimited analyst reports. Does not include ratings.
Plan Includes:
Everything in Starter, plus
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Full access to Analyst Reports
Market Analytics
Ratings
Get Pro Annual

Merlin

$41.67 /month
billed annually
Unlimited analyst reports and full access to Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Ratings
Get Merlin Annual
Already a member? Log in here.
Other Deals

Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Innovega on SeedInvest
Follow company
Follow Innovega on SeedInvest