Lustro Comments

Discuss this Deal with other Investors

Join the Conversation

Oberit

Disrupting a $72 Billion Mental Health and Addiction Space (3x more effective)

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Technology, Retail, Health & Fitness
Min Investment
$100
Location
Los Gatos, CA
Expected Close Date
April 29, 2024
Target Raise
$100.00K-$500.00K
No. Investors
86
Security Price
$1
Valuation
$6,000,000
Website
getoberit.com
Number of Employees
1
Cash
$8,534
Revenue
$7,757
Short Term Debt
$516,866
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-318,292

Key Deal Facts

✅ Raised $450,000 from established Angel Investors and Venture Capital Funds ✅ Team of prominent leaders, advisors, and doctors in the recovery and health tech space ️️️ ✅ 37,000 new users in the first 12 months ✅ Partnerships with 100+ key brands (Oura, Olipop, Liquid IV, Thorne, Tenzo Tea, & more) ✅ User retention 10X HIGHER than competition ✅ 2,500% GROWTH year over year in 2023 ✅ Wellness market is poised to reach $7 Trillion by 2025

Management Team / Advisory Board Bios

Will House Founder20 yrs software sales leadership in US & UK Markets 4 Big Tech Firms, 4 Start-ups w/2 exits 7+ Years Recovery Experience, Alex Cahana, MD HealthFi AdvisorBlockchain Expert in Healthcare for the United Nations, Advisor at Publicly Listed ARK Investment Management. Venture Partner at Impact Room, and Board Member of Adanian Lab & Limitless Ventures., David Awadalla Recovery AdvisorPublic Health Advisor at SAMHSA. Trained and supported federal agencies at ICF International, including the CDC, HUD’s Pilot Recovery Program, and the Michigan Department of Health., Joe Booth Program Director13 Yrs Software Enablement & Training Executive Founder of Class Five Mind (acquired in 2022; Become by Oberit) Nutritional Psychology Certified (CNP) PSIA - AASI Professional Ski Instructors of America - American Association of Snowboard Instructors., Dr Calvin McGinn Clinical AdvisorOver 40 Years in Biopsychosocial Medicine & Co-Founder of Compris. Served as Director of Behavioral Sciences & State Trainer for the National Alliance on Mental Illness. International Public Speaker on Addiction & Recovery., Christian Pusateri Web3 AdvisorFounding Member of Mind Network, building true data privacy solutions for Web3. Works closely with top Web3 companies like Chainlink, Binance, Arbitrum and more.

Amount Raised : $148,855
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment