Restflix

A science backed streaming service revolutionizing the $64B sleep aid market

Analytics

Raised to Date: $10,175

Aggregate Commitments $
Platform

Republic

Start Date

05/27/2021

Close Date

04/30/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

10%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

321

% of Min. Goal

41%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$599

# of Investors

20

Momentum
cold
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Location

Lakewood Ranch, Florida

Industry

Fitness & Wellness

Tech Sector

HealthTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Restflix, with a valuation cap of $5 million, is raising crowdfunding on Republic. The company has developed a scientific-backed streaming service that helps people get rest and sleep through proven sound therapy. The sound consists of binaural beats that harness the brain’s response and trigger a slowdown in brain activity. Kevin Hillman founded Restflix in July 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for expansion and continued growth. Restflix works on a scalable subscription-based business model with average subscription profit margins of 30-40%. The app has been featured on CNN, Good Morning America, and Entrepreneur and was named Best Sleep App to Drift Off to by Livestrong.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$96,420

$12,495

COGS

$15,210

$3,050

Tax

$0

$0

 

 

Net Income

$-52,281

$224

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,207

$111

Accounts Receivable

$0

$0

Total Assets

$101,524

$66,361

Short-Term Debt

$88,581

$1,137

Long-Term Debt

$0

$0

Total Liabilities

$88,581

$1,137

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