🩺 Mindwell Labs

Track and manage your anxiety in real-time

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Security Type
Technology, Software, B2C, Sports and Fitness, Artificial Intelligence, Health & Fitness, AI, Mobile Apps, SaaS
Min Investment
New York, NY
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

🏆 World-class team with a proven track record (4 exits/3 IPOs; 10-yr IP)
🩺 Assessed >200,000 hours of our members' mental health; analyzed >2.7M health data points
🔥 24% free-to-paid conversion of AQ™, our consumer app (industry average: 1%-2%)
⌚ Proprietary, patent-pending technology backed by research from leading global scientists
🎯 80 countries represented in our global metric for mental health
📈 Disrupting a very large & fast growing digital mental wellness market (930Bn by 2030)
🔑 Democratizing access to high-quality and affordable mental healthcare that works
💵 Investors: ex-Vice Chair/CMO, GE; ex-CEO, AOL; CEO, McDonald Pelz; ex-Chairman, British Telecom

Management Team / Advisory Board Bios

Sab Kanaujia Co-Founder & CEOProven 4x serial entrepreneur & digital executive. Startup 1: Ran biz dev & helped it IPO in 1996 (2021 sales: $1.6Bn). Startup 2: Founder/CEO from launch to exit in 2012. Startups 3 & 4: Board advisor (launch to IPO); Google acquired one for $650M, Dr. Shaun Nanavati Co-Founder & Chief Science OfficerNeuropsychologist/clinician/researcher with a unique background in integrating eastern and western philosophies of mind. Expertise in developing mental health measurement technologies & interventions using autonomic nervous system biomarkers & HRV.
Amount Raised : $196,900
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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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