This company is no longer in business. Investors can get details about any potential exits or failures here.

Mindcurrent

Mindcurrent

Early Stage

AI that predicts and reduces stress across organizations

AI that predicts and reduces stress across organizations

Overview

Raised to Date: Raised: $229,357

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/19/2020

Close Date

09/10/2020

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$250

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,130

# of Investors

147

Momentum
Funded
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Beaverton, Oregon

Business Type

High Growth

Mindcurrent, with a valuation cap of $4 million, is raising funds on WeFunder. The company uses artificial intelligence technology to predict and reduce stress across organizations. The algorithm of Mindcurrent studies each user’s unique patterns, recognizes them, predicts stress, and gives recommendations to manage stress from leading experts. Mindcurrent was founded by Sourabh Kothari, Drew Brazier, and Daniel Cunningham in 2019. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $107,000, will be used towards product development, marketing, hosting, licensing, and operating costs. Mindcurrent already has over 25,000 beta users in 40 countries and has been rated 5 stars. It is being used by law enforcement agencies, universities, nonprofits serving veterans, and finance companies.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-545,406

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,396

$0

Accounts Receivable

$0

$0

Total Assets

$2,139

$0

Short-Term Debt

$14,782

$0

Long-Term Debt

$460,200

$0

Total Liabilities

$474,982

$0

Financials as of: 02/19/2020
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Mindcurrent on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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