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GET A PIECE OF SONA LABS
music as medicine: science-backed music for anxiety relief
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TEAM
Neal Sarin • Founder, Head of Product
Dennis Hauser • Co-founder, Head of Finance
Shashank Pandya • Head of Engineering
Reasons to Invest
- Our proprietary original content is made-in-house by Grammy-winning producers using a proprietary composition process that has been scientifically shown to increase alpha waves in the brain, providing in-the-moment relief for listeners.
- Our clinical trial plans have been approved by the FDA. According to our research, we're positioned to become the first FDA-approved sound therapy solution for anxiety.
The digital therapeutics market is experiencing massive growth, predicted to increase at a CAGR of 28%, from $3.2 billion in 2021 to $14.5 billion by 2028 (Source).
OVERVIEW
Science-Backed Restorative Music for Mental Health
At Sona Labs, we are turning scientific research into easily accessible, music-based solutions for enhancing mental health. Our goal is to invest in music therapy research and invent new audio treatments for mental health disorders.
Sona Labs was founded by music executive and record producer Neal Sarin, who worked with Grammy-winning producers Warren Riker & Rick St. Hilaire to create restorative music. We were named a CES Innovation Award Honoree in Health & Wellness in 2022, and featured by the BBC, RollingStone, CheddarTV, Daily Mail, and more. Our advisory board includes two leading neuroscientists at UC Berkeley, the Head of Research at Nielsen, and the President of the American Sleep Research Society.
THE PROBLEM & OUR SOLUTION
Combining Neuroscience and Music for Anxiety Relief
Over 284 million people worldwide have diagnosable anxiety disorders, with young adults being diagnosed at increasingly high rates. However, the go-to treatments of prescription medication and psychotherapy may not provide adjunctive care that is natural, intuitive, accessible, and affordable (Source).
The sona app offers research-based restorative music scientifically shown to help relieve anxiety symptoms by increasing alpha brain waves and lowering stress hormones. Our app onboarding features an anxiety screening tool to help personalize your experience. The AI recommendation engine incorporates your information to deliver curated music based on your symptoms, listening habits, and the time of day.
The app's paid features include:
- Breathing Guides
- Timers & Reminders
- Ability to save your favorite tracks
- Listening statistics
- Unlimited music & more
THE MARKET & OUR TRACTION
A Fast-Growing Market, Successful Trials, and Customer Validation
*The above testimonials may not be representative of the opinions of other experts or the experiences of other customers and are not a guarantee of future performance or success. g
The digital therapeutics market is valued at $3.2 billion as of 2021 and is estimated to reach $14.5 billion by 2028, growing at a CAGR of 28%. The meditation apps segment alone is growing even faster, valued at $800 million in 2022 and expected to reach $4.2 billion by 2027 at a CAGR of 41% (Source).
We have already completed two research studies with UC Berkeley and NielsenIQ demonstrating our music’s ability to relieve stress, and we have started a clinical trial to earn FDA approval.
WHY INVEST
Alleviating Anxiety Symptoms for Users Around the World
Our mission is to validate music as a form of medicine. We have partnered with mental health companies and wellness influencers, and intend to partner with global healthcare institutions and hospitals to distribute the app and help those in need.
We have worked with Grammy-winning musical artists and leading neuroscientists, with a clinical trial in motion to earn FDA approval, and a multi-billion dollar market experiencing massive growth (Source).
Let's develop the future of music-based digital therapeutics together.
ABOUT
HEADQUARTERS
17311 Castellammare Dr.
Los Angeles, CA 90272
WEBSITE
View Site
TERMS
sona labs
Overview
PRICE PER SHARE
$20
DEADLINE
Jan. 5, 2023 at 7:59 AM UTC
VALUATION
$20M
FUNDING GOAL
$10K - $1.24M
Breakdown
MIN INVESTMENT
$300
MAX INVESTMENT
$1,235,000
MIN NUMBER OF SHARES OFFERED
500
MAX NUMBER OF SHARES OFFERED
61,750
OFFERING TYPE
Equity
SHARES OFFERED
Series B Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive 20% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 15% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive 10% bonus shares.
Amount-Based:
Level 1 Investor: $300+
- Receive an investor shout-out on social media
Level 2 Investor: $1000+
- Receive an investor shout-out on social media
- Get shareable personalized 30-day trial code (ie: AMANDA30)
Level 3 Investor: $5000+
- Receive an investor shout-out on social media
- Get shareable personalized 30-day trial code (ie: AMANDA30)
- 1 on 1 Zoom call with sona founder to discuss strategy
Level 4 Investor: $10,000+
- Get 10% bonus shares
- Receive an investor shout-out on social media
- Get shareable personalized 30-day trial code (ie: AMANDA30)
- 1 on 1 Zoom call with sona founder to discuss strategy
Level 5 Investor: $25,000+
- Get 15% bonus shares
- Receive an investor shout-out on social media
- Get shareable personalized 30-day trial code (ie: AMANDA30)
- 1 on 1 Zoom call with sona founder to discuss strategy
- Quarterly Investor Updates
Level 6 Investor: $50,000+
- Get 20% bonus shares
- Receive an investor shout-out on social media
- Get shareable personalized 30-day trial code (ie: AMANDA30)
- 1-on-1 Zoom call with sona founder to discuss strategy
- Quarterly Investor Updates
Loyalty Bonus:
Individuals previously on our email lists will receive an additional 10% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine OWNers' Bonus
Pineal Labs Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $20.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $2,000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the 10% Loyalty Bonus in addition to the aforementioned bonus.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
PRESS
ALL UPDATES
12.20.22
sona on "The Future 100" by Wunderman Thompson
Wunderman Thompson presents "The Future 100: Trends and Change to Watch in 2022," offering a snapshot of the most compelling trends of 2022.
12.08.22
clio music awards selects sona for 'use of music in innovation'
the clio music awards 2022 shortlisted sona's entry for 'use of music in innovation'. check it out here.
12.06.22
sona science advisor speaks in shanghai
this week, our science advisor dr. robert t. knight presented in shanghai about neurotechnologies that connect music with the brain. across all platforms, there were over 300k viewers of the live stream.
11.29.22
🤍 featured app review 🤍
“this app has made waking up a joy and falling asleep so smooth.” - skrtla
we love our listeners.
11.25.22
🙏 happy thanksgiving 🙏
just want to express our immense gratitude for our investors and our listeners. grateful for the support and that every day we get to do what we love - bring accessible anxiety relief to the masses.
11.22.22
sona at Equity Crowdfunding week
a couple weeks back, sona attended Equity Crowdfunding week in LA. we had a great time, ran into some old friends, and met a bunch of truly amazing entrepreneurs and investors in the space.
11.17.22
sona on CheddarTV
throwback to sona founder Neal Sarin chatting with CheddarTV about how the app works, and sona's plans to achieve FDA approval, and more.
watch the interview here
11.15.22
music as medicine' hits 20k streams on Spotify
sona's debut album 'music as medicine' has surpassed 20,000 streams on Spotify alone. the album is comprised of ten tracks from our app's library of restorative music that has been scientifically shown to relieve anxiety.
take a listen to the album here: https://distrokid.com/hyperfollow/sona8/music-as-medicine
11.11.22
over $75k raised!
today marks one month on StartEngine, and we've already raised over $75k. thank you to everyone who has joined our mission to make anxiety relief accessible for all.
11.08.22
⏰ sona feature highlight: reminders
⏰ did you know you can set reminders to prompt a sona session whenever you need it most?
🤍 sona listener jana f. says ""i have a reminder set to use sona to unwind at the end of the day on friday. the music helps me reconnect with my body and turn off my work brain so i can use the weekend to properly reset."
check out the sona app and all it's premium features here
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$300
Level 1
Receive an investor shout-out on social media
$1,000
Level 2
- Receive an investor shout-out on social media - Get shareable personalized 30-day trial code (ie: AMANDA30)
$5,000
Level 3
- Receive an investor shout-out on social media - Get shareable personalized 30-day trial code (ie: AMANDA30) - 1 on 1 Zoom call with sona founder to discuss strategy
$10,000
Level 4
- Get 10% bonus shares - Receive an investor shout-out on social media - Get shareable personalized 30-day trial code (ie: AMANDA30) - 1 on 1 Zoom call with sona founder to discuss strategy
$25,000
Level 5
- Get 15% bonus shares - Receive an investor shout-out on social media - Get shareable personalized 30-day trial code (ie: AMANDA30) - 1 on 1 Zoom call with sona founder to discuss strategy - Quarterly Investor Updates
$50,000
Level 6
- Get 20% bonus shares - Receive an investor shout-out on social media - Get shareable personalized 30-day trial code (ie: AMANDA30) - 1 on 1 Zoom call with sona founder to discuss strategy - Quarterly Investor Updates
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Rummi Sarin
3 years ago
SONA is a true Restorative Music App. I have been a user since it’s inception and a true believer in it’s anti anxiety, relaxing, sleep, and therapeutic effects. A true believer and supporter.
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