The Sober Social Network.

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Security Type
Technology, Entertainment, Retail, Other
Min Investment
Sunny Isles, FL
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

145,000+ installs, 325,000+ monthly sessions
Fast Company Most Innovative Companies (#5 Social Media Category) * Webby Award Finalist (Lifestyle)
PRNEWS Platinum PR Awards Finalist (Best Launch Consumer) *Very Well Mind Best Sobriety/Recovery App
2.2 million support and community messages sent & 2.7 million dating interactions
Day 7 iOS retention is 15% vs. dating category average of 11.4%
Global Dating app revenue grew by 306% from 2015-2021. Expected to grow to $5 billion by 2025.
The treatment industry is expected to grow from $42 billion in 2020 to $53 billion by 2025.
300M people have an alcohol use disorder, 38% of adults battle an illicit drug use disorder.

Management Team / Advisory Board Bios

Mj Gottlieb Co-Founder & CEOMJ is a lifelong entrepreneur, having owned and operated five businesses and one not-for profit foundation over the last 31 years. He is a leading recovery advocate and has been sober since March 21, 2012., Zhanna Basina Co-FounderZhanna is Co-Founder of Loosid. She also founded a (now) 2,000+ employee, $60M PE backed healthcare conglomerate with 8X EBITDA EXIT in the process of her second exit. Her personal struggle within her family was the catalyst for starting Loosid with MJ., Nina Hendricks COONina has been a leader in the the operational space for 15+ years, and a fierce recovery advocate to create impact and change in success outcomes for those struggling with addiction., Gary O'Neil Creative DirectorGary is a leader who believes that great companies are built by great teams. From his 31 years of experience leading teams, he understands that ideas are great but execution is king & being customer-centric is the biggest key to success., Brady Pejerrey Chief Technology OfficerBrady has been working in the computer programming field for 20+ years. Brady is on charge of the architectural design for Loosid, as well as overseeing implementation during the development and deployment cycles., Rafael Palma Head of DevelopmentRafael has been leading mobile based development teams for more than a decade. He brings high quality standards to lead a high quality team!, Steven Schilt Community ManagerSteve oversees the Loosid community and heads up the Loosid Ambassador Program. Everyone knows Steve!
Amount Raised : $1,238,415
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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.

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