Sniffy Labs

Neutral
BETA

App that makes professional dog training accessible and easy

Analytics

Raised to Date: $20,368

Aggregate Commitments $
Platform

Wefunder

Start Date

04/27/2020

Close Date

12/04/2020

Min. Goal

$20,000

Max. Goal

$50,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$2,500,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

1

% of Min. Goal

102%

% of Max. Goal

41%

Likelihood of Max
Avg. Daily Raise

$93

# of Investors

21

Momentum
Location

Rochester, NY

Industry

Pet Health, Food, and Services

Tech Sector

EdTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Sniffy Labs, with a $2.5 million valuation cap, is raising funds on WeFunder. It is an online dog training app that allows dog owners to receive professional and smooth dog training experience. The training includes all aspects, including in-app training plans, video tutorials, daily practice, and professional advice from certified canine trainers. Howard Shyng and Ting Zhu founded Sniffy Labs in 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $20,000 and a maximum raise of $50,000, will be used towards marketing and research & development. Sniffy Labs launched its closed beta in December 2019 with 50 dog owners, of which 39 got converted to customers. The company is led by an experienced and passionate team and has the first-mover advantage in innovating the dog training market.

Ratings

last updated 12/03/2020

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