Waverly Labs on StartEngine

Over-the-Ear interpreter designed to solve language barriers

Raise to date: $1,054,519

Reporting Date: 03/01/2020

Key Stats

Minimum Raise

$9,998

Maximum Raise

$1,070,000

Likelihood of Max Exceeded
Start Date

10/16/2019

Stop Date

02/15/2020

Days Remaining

Closed

Security Type

Equity

Investment Minimum

$380

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

1,497

% of Minimum Raised

10,547%

% of Maximum Raised

99%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$8,644

DPD* Category

$0

DPD* All Companies

$1,182

Kingscrowd Momentum

$1,054,519

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Waverly Labs, with a pre-money valuation of $14 million, is raising funds on StartEngine. The company manufactures and sells an over-the-ear interpreter, Ambassador. Ambassador solves language barriers in commerce and global business by providing quick and high-quality translation solutions. Waverly Labs was founded by Andrew Ochoa and Sergio Delrio Diaz in 2014 and has raised more than $1.3 million in previous rounds of funding. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $535,000, and the proceeds will be used for testing and production of the product. Waverly Labs has already generated $8.5 million in gross lifetime revenues and has partnered with companies including Walmart, Hilton, and Amazon.

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