HOHM Inc.

HOHM Inc.

Custom engineered, sound-blocking sleep pod, bookable via mobile app.

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
San Diego, CA
Offering Date
April 25, 2019
Expected Close Date
July 24, 2019
Target Raise
$450.00K-$1.00M
Deal Notes

Conversion discount: 20.0%

Interest rate: 4.0%

Note term: 24 months

Valuation
$3,500,000

Company Description

Custom engineered, sound-blocking sleep pod, bookable via mobile app.

Perks

for details see offering website

Key Deal Facts

Installed at University of Arizona in Dec 2018, one other University has approved an installation.
Over 150 bookings total in 3 months live at the University of Arizona, with a 22% repeat user rate.
Agreement with Cocoon by Sealy, the mattress company owned by Tempur-Sealy, to provide mattresses and funding for Hohm pods.
Featured on prominent media outlets such as ESPN, ABC10, Thrive Global, & More.
Founding team with experience at Sony, Electronic Arts, and others.

Use of Proceeds

Hardware/Additional Pods, Sales, Marketing, Tech

Management Team / Advisory Board Bios

Nikolas Woods
FOUNDER/CEO
Nik Woods is a successful, driven, serial entrepreneur, who has been building companies since he was a senior in high school. Nik combines creativity with a strong work ethic to produce results. Nik has been featured in outlets such as Thrive Global, ESPN Business Radio, and more. Nik has been starting businesses since age 14, with his first successful company at the age of 19. He built Lightbox Medical over 4 years with no outside funding and it was acquired at the end of 2015.

Deal Notes

Conversion discount: 20.0%

Interest rate: 4.0%

Note term: 24 months

Amount Raised : $174,250
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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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Valuation

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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