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Security Type
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Debt
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Categories
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Technology
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Min Investment
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$100
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Offering Date
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July 20, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$200.00K-$1.07M
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No. Investors
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68
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $46,682
- Revenue
- $103,942
- Short Term Debt
- $72,910
- Cost of Goods
- $294,847
- Long Term Debt
- $1,290,161
- Net Income
- $-508,543
Company Description
We have worked with leading sleep doctors, scientists, yogi’s, and musicians to create experiences designed to help you fall asleep faster, sleep deeper and wake refreshed. We call this your Sleep Journey. While you sleep, our AI technology optimizes each night’s slumber by blocking out noise pollution and playing the right sound in the right cycle of your sleep. In the morning our AI tells you how well you slept and provides recommendations for the next day. A team of sleep technicians help you navigate how small changes like bedtime rituals, wake-up routines, lighting, and your sound environment make a big difference
Key Deal Facts
Our mission: end sleeplessness. ✨1 in 3 American’s have a sleep disorder; $73B annual spendings in USA on sleep aids. 🌎
SleepSpace solves sleep problems using proven digital diagnostics & CBTi therapeutics administered by sleep doctors. 👩
Clinical trials with $3.5 Million in grants awarded from National Institute of Aging & National Science Foundation.🥇
$1.2M+ prior round by top VCs: UpVentures, Quake Capital, Bulletproof Media, LSVP, and AVG Fund. 💰
Monetization via 2000+ B2C subscriptions ($10K MRR). 📈
SleepSpace Smart Bedroom plug-n-plays with Apple, Google, Amazon, Oura Ring, Garmin & Biostrap.
Barriers to entry include AI algorithms and 4 utility patents for detecting and enhancing sleep. All-star team of sleep scientists, doctors, tech geeks, and experienced entrepreneurs.
Management Team / Advisory Board Bios
Dr. Daniel Gartenberg, CEO & Co-Founder
World-renowned Sleep Scientist. TED Talk (4+ million views). Adjunct Professor at Penn State University. Featured on the Today Show, NY Times, The Washington Post, NPR, and CNN Business.
Melissa Mueller, CPO & Co-Founder
Standford Grad with Honors. Founder of Designery. 20+ years designing and optimizing best-in-class product experiences applying the latest neuroscience principles.
Dan Roberts, Chief Scientific Officer
PhD in Human Factors and Applied Cognition, with over 10+ years of experience in experiment design and data analysis with over 30 peer-reviewed publications.
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.