teleCalm

Deal To Watch
BETA

Phone Service for Dementia - Helping Seniors and Caregivers

Analytics

Raised to Date: $62,429

Aggregate Commitments $
Platform

Wefunder

Start Date

10/13/2020

Close Date

12/02/2020

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,480,000

Weekly Commitments $
Status

Active

Reporting Date

10/21/2020

Days Remaining

38

% of Min. Goal

125%

% of Max. Goal

25%

Likelihood of Max
Avg. Daily Raise

$7,804

# of Investors

55

Momentum
Location

Allen, TX

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

teleCalm, with a pre-money valuation of $5.48 million, is raising funds on Wefunder. The company is helping seniors and their caregivers by offering phone service for dementia. The unique phone service of teleCalm keeps the seniors connected with friends and family while blocking all the troublesome calls. Tavis Schriefer founded teleCalm in 2016 and has raised over $600,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,001 and a maximum goal of $250,000, will be used for developing teleCalm Mobile v1 and v2, enhancing features, optimizing infrastructure, marketing, and hiring additional team members. teleCalm serves over 1.5 million phone calls from its 500 subscribers across 42 states. The business is revenue-generating, with over $265,000 in annual recurring revenue.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$204,436

$32,066

COGS

$48,945

$13,570

Tax

$0

$0

 

 

Net Income

$-28,918

$-287,062

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$64,446

$86,478

Accounts Receivable

$49,840

$-873

Total Assets

$124,275

$90,558

Short-Term Debt

$199,704

$162,069

Long-Term Debt

$499,250

$0

Total Liabilities

$698,954

$636,319

Ratings

last updated 10/25/2020

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