MentalHappy

Deal to Watch
BETA

Creating a better world of mental health

Analytics

Raised to Date: $140,187

Aggregate Commitments $
Platform

StartEngine

Start Date

04/27/2020

Close Date

11/20/2020

Min. Goal

$9,997

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$6,000,000

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

62

% of Min. Goal

1,402%

% of Max. Goal

13%

Likelihood of Max
Avg. Daily Raise

$987

# of Investors

438

Momentum
Location

San Francisco, CA

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

MentalHappy, with a pre-money valuation of $6 million, is raising funds on StartEngine. It is an online community working towards creating a better world of mental health. MentalHappy helps people with practical tools and support to build mental health and assists them in their journey towards healing. MentalHappy was founded by Tamar Lucien Blue in 2016. The proceeds of the current crowdfunding campaign, with a minimum target of $9,997.19 and a maximum target of $106,996.81, will be used to develop partnerships with large employers and insurance companies. MentalHappy already has a letter of intent with Angle Health, a customer relationship with Devoted Health I, and existing relationships with over 30 employers, including SAP Concur, eBay, and Boston Scientific.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$38,129

$26,022

COGS

$61,540

$32,236

Tax

$0

$0

 

 

Net Income

$-137,841

$-99,897

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,436

$131,711

Accounts Receivable

$0

$879

Total Assets

$4,752

$135,793

Short-Term Debt

$25,195

$20,365

Long-Term Debt

$223,556

$0

Total Liabilities

$248,751

$243,921

Ratings

last updated 09/16/2020

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