teleCalm
Phone Service for Dementia - Helping Seniors and Caregivers
Analytics
Raised to Date: $62,429
Aggregate Commitments $
Wefunder
10/13/2020
12/02/2020
$50,000
$250,000
$100
Equity - Preferred
RegCF
Seed
$5,480,000
Weekly Commitments $
Active
10/21/2020
38
125%
25%
$7,804
55
Allen, TX
Consumer Products, Goods & Services
MediaTech
B2C
High
Low
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
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