Kindara, the creator of the Kindara App that empowers women to better manage their fertility goals, has launched a Reg A+ crowdfunding offer on SeedInvest seeking a raise of $3.5 million. The offer has pegged a pre-money valuation of $8 million in the Series A funding round. The company is offering preferred equity for investors with a minimum investment of $1000. Both accredited and non-accredited investors may participate. Kindara has previously raised approximately $6.5 million in pre-seed and seed funding.
As for company traction, Kindara reports their App has received 1.4 million downloads and has 180,000 monthly active users. Kindara has three different revenue streams. There is revenue associated with connected devices; traditional retail and Kindara App subscriptions – a service expected to launch in Q4.
And why does Kindara want to crowdfund this round? Ira Hernowitz CEO of Kindara explains;
“Over the past five years no one has supported Kindara more or recognized the incredible value of Kindara than our Community members,” says Hernowitz. “Our goal of empowering women extends beyond reproductive health, and we feel strongly that it is most appropriate to give the Kindara Community the opportunity to invest in their passion, and own a stake in the future of women’s health care.”
Kindara’s Series A investment round will fund development of new technologies and features to better position the company for continued growth within the digital health space – currently a hot sector. With this crowdfunded equity raise, Kindara wants anyone who has a passion for its product and mission to be able to acquire a stake in the company, which has supported and empowered more than one million women around the world to meet their fertility goals since its launch in 2011.
“Kindara has a powerful mission to improve women’s health care through technology,” said Ryan Feit, CEO and Co-Founder of SeedInvest. “We are excited to help Kindara invite millions of passionate customers to become investors and support the company’s future growth.”
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