Waverly Labs

Test the Waters
BETA

Over-the-Ear Interpreter

Analytics

Raised to Date: $753,295

Aggregate Commitments $
Platform

StartEngine

Start Date

11/23/2020

Close Date

01/23/2021

Min. Goal

$100

Max. Goal

$10,349,998

Min. Investment

$496

Security Type

Equity - Common

Funding Type

Test the Waters / RegA+

Series

Series A

Weekly Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

753,295%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$12,349

Momentum
Funded
Location

Brooklyn, New York

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Waverly Labs, an innovative voice and language products company, is raising funds on StartEngine through Test the Waters / Reg A+ crowdfunding. The over-the-ear interpreter of Waverly Labs can translate over 20 languages and help cross the language barrier in business and commerce. Andrew Ochoa and Sergio Delrio Diaz founded Waverly Labs in 2014 and have raised over $2.1 million in previous rounds of financing. The current round of crowdfunding does not have a minimum target and a maximum target of $10,349,998, and the funds will be used towards production, research and development, marketing, and working capital. Waverly Labs has generated lifetime revenues of $9.2 million and has partnered with companies like Walmart, Hilton, and Amazon Fulfillment Centers.

Balance Sheet

Cash and Cash Equivalents

$436,446

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$273,343

Property and Equipment

$0

Total Assets

$848,890

Accounts Payable & Accrued Liabilities

$616,087

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$616,087

Total Stockholders' Equity

$232,803

Total Liabilities and Equity

$848,890

Statement of Comprehensive Income Information

Total Revenues

$456,114

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$383,429

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-1,054,935

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: Fruci & Associates II, PLLC
Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
06/30/2021 StartEngine $40,000,000 $857,988 Equity - Common Active RegA+
01/23/2021 StartEngine $0 $753,295 Equity - Common Confirmed Closed Test the Waters
02/15/2020 StartEngine $14,000,000 $1,054,519 Equity - Common Confirmed Closed RegCF
11/25/2017 StartEngine $0 $1,070,000 Equity - Common Confirmed Closed RegCF
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