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Security Type
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CAFES
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Categories
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Financial Services, VC-Backed, Repeat Founder
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Min Investment
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$250
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$1.24M
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No. Investors
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16
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $36,510
- Revenue
- $0
- Short Term Debt
- $313,466
- Cost of Goods
- $0
- Long Term Debt
- $1,830,000
- Net Income
- $-1,183,271
Key Deal Facts
Addresses $26B US TAM, targeting $300B in costs for untreated mental health conditions
CEO has 3 prior exits; Chief Science Officer is leading anxiety expert and NIH-funded scientist
Awarded a $3.8M National Institute of Mental Health grant with UT Austin for Depression treatment
Initial contracts w/ health insurer, 2 state universities, 5 state behavioral services firm
Named 2024 Digital Health NY 100, Healthtech Global 250, Health Hub Foundation Finalist 2024
Successful pilot trial for social anxiety showed 68% reduced by full severity level in 30 days!
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Raj Amin CEO & Co-Founder3 prior exits; Co-Founder and Chairman at Mana Health (acq. Comcast); Co-Founder and CEO at HealthiNation (acq GoodRx); Founder at Teem Ventures (venture studio/product advisory), Tracy Dennis-Tiwary, PhDChief Science Officer & Co-FounderProfessor and Director of Emotion Regulation Lab at Hunter College; Has 100+ publications; Author of Future Tense, leading book on anxiety; Featured expert on NetFlix “Take Your Pills: Xanax;” Inc Magazine contributor and respected speaker on anxiety.
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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
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.