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Security Type
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Membership Units
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Min Investment
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$100
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Offering Date
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October 30, 2020
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Expected Close Date
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February 11, 2021
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Target Raise
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$330.01K-$1.07M
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Deal Notes
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Price per Unit: $11.00
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Valuation
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$14,000,000
Company Description
We produce and sell a therapeutic vibration solution to health insurance companies, hospital systems, and older-adult care facilities that will reduce the rate of falls in older adults with mobility issues.In five years, VibeTech hopes to be recognized as the world expert in vibration therapy and will be selling our devices throughout the world.Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $300+ for Transferable 3 yr coupon for 10% off purchase of VibeTech hardware or software
$1,000+ Transferable 3 yr coupon for 15% off purchase of VibeTech hardware or software
$25,000+ Transferable 3 yr coupon for 25% off purchase of VibeTech hardware or software
Invest $300+ for Transferable 3 yr coupon for 10% off purchase of VibeTech hardware or software
$1,000+ Transferable 3 yr coupon for 15% off purchase of VibeTech hardware or software
$25,000+ Transferable 3 yr coupon for 25% off purchase of VibeTech hardware or software
Key Deal Facts
Own a piece of the company that is innovating strength & mobility recovery in vulnerable populations
Help improve quality of life and reduce cost of care for individuals with mobility problems
Winner of the 2020 McKnight's Excellence in Technology Innovator of the Year Gold Award
More than a dozen issued and pending patents in the US and abroad
Combine discount perks with other investors to gift our technology to a facility of your choice
Participate in a venture that solves a critical problem in a huge and growing market
Use of Proceeds
$330,007
- Minimum investment goal. Completion of new product development-30%
- establish basic sales/ customer support functions-32%
- Fundraise expenses (including 7.5% Wefunder intermediary fee) -8%
- working capital-30%.
$650,000
- Completion of new product development-15%
- Enhance sales/customer support functions-29%
- Initiate software development for user data accumulation-23%
- fundraise expenses-8% (including 7.5% Wefunder intermediary fee)
- working capital-25%.
$1,069,993
- Completion of new product development-9%
- Enhance sales/customer support functions-18%
- Initiate and complete software development for user data accumulation-33%
- further product R&D to reduce mfg costs and improve/add features-12%
- fundraise expenses-8% (including 7.5% Wefunder intermediary fee)
- working capital-20%.
Management Team / Advisory Board Bios
Edward MORGAN
CFO, BOD
CPA. A lead participant in a $20MM transaction combining new equity raise with commercial real estate sale/leaseback.
Jeff Leismer
Founder and CEO, BOD
Developed technology that is now restoring quality of life and hope to older adults who had a healthcare system that gave up on them, because it didn't have the tools or understanding to reverse their physical decline.
Donna J RIPPIN
Sr. VP of Corporate Strategy & Branding
Led the business expansion of the Birds Eye consumer brand into completely new market space within frozen meals, resulting in incremental sales of $65 MM in factory sales, and $100 MM+ at retail.
Linda Cates
BOD, Director of Community and Public Relations
Raised $10MM as Development Chair to build and sustain the Sharon S. Richardson Community Hospice instilling the value of a "home for all" regardless of ability to pay.
Tim Eylander
VP of Business Development
Developed and grew partner network to $35 million maximizing annual sales for a publicly traded company.
Kermit Ellefson
BOD Chair; Retired President at Schenck SC
Oversaw revenue growth $7MM to $50MM in 7 years as President of Schenck SC (regional CPA firm)
Deb Jacoby
Director of Clinical Implementation and Training
Created new & innovative programming to improve the quality of life for nursing home residents with Alzheimer’s or other dementias and physical disabilities for 40+ years. Created first Music and Memory Program in Wisconsin.