Elevatr

Mobile app for depression and anxiety

Elevatr

Mobile app for depression and anxiety

Mobile
There are 36 million people in the US who never receive any treatment for their depression or anxiety. Traditional psychotherapy, while effective, is too costly and requires too much commitment, yet many people's problems could be addressed in one or two sessions. Elevatr is bridging this gap by providing emotional support from peers and unique micro-consultations with psychotherapists via mobile device. Elevatr has already helped thousands and with further investment we can make it millions.

$6,260

raised
10
Investors
32
Days Left
06/14/21
Maturity Date
$5M
Valuation Cap
20.0%
Discount Rate
8.0%
Annual Interest Rate
Convertible Note
Offering Type
$150.00
Min. Investment

$6,260

raised
10
Investors
32
Days Left
06/14/21
Maturity Date
$5M
Valuation Cap
20.0%
Discount Rate
8.0%
Annual Interest Rate
Convertible Note
Offering Type
$150.00
Min. Investment

Reasons to Invest

Elevatr has already started earning revenue on our innovative therapist consultation service
We've released dozens of versions of the iOS app over the last two years to test and optimize key features.
We have the perfect team to grow Elevatr into a major force in the world of telehealth and our vision is bold.

We Are in a Mental Health Crisis

We founded Elevatr to improve mental health by eliminating the barriers between people with mental health issues and the people who can help them. 

 

There are 60 million people in the US with some form of mental health issue, like depression or anxiety, and 60% of these people don’t receive any treatment. That’s over 36 million people in the US alone struggling without professional help. Why? Services are inconvenient and expensive, and focused on long term commitment. People feel ashamed and embarrassed, they're hesitant to make the leap to long term therapy, and yet many people's problems could be addressed in one or two sessions. When you combine those barriers it is no wonder that our existing mental health system has failed to meet the needs of most people.



Elevatr has built technology to improve our mental health. Over the last two years we’ve invested our time, money, and expertise into developing the Elevatr app. We’ve found a way for people to get the help they want, when they want it, at a price they can afford. Our app has helped thousands of people by providing them two critical things. 


The first is semi-anonymous peer support - emotional support from people with similar life experiences and issues. 

 

The second feature of Elevatr is the most innovative solution…Elevatr offers the most affordable and easy way to speak to a psychotherapist. For as little as $5, a person can start an anonymous text or video chat with a psychotherapist for a brief consultation at any time. We match professionals with people who wanted to get to the next level without spending the time, money or hassle of sitting through a traditional hour-long therapy session. Elevatr counselors can answer questions and give advice, or help users move through an acute emotional crisis. The goal is to remove the barriers between people who need help and the professionals who can help them, and it works. This feature is Elevatr’s first revenue generating product.


"We made it so easy to find help that people can do it spontaneously, without having to muster the immense time, money, and energy it took in the past."


- Aaron Rozzi, Cofounder & COO at Elevatr 



Most new tech products and services for mental health focus on one of three things; teletherapy, peer support, or self help. Self help apps provide tools for the user to do things like de-stress, cope with an addiction, or track personal health metrics. Peer support apps are basically social networking apps with features like support groups geared towards mental health. Teletherapy services have basically taken conventional talk therapy and put it on a mobile device which is a great step, but the cost and commitment is still quite high, typically in the range of $200/month for services like TalkSpace and BetterHelp. 


Elevatr is doing something different. By Bridging the gap between peer support and full blown teletherapy we've removed the economic barriers preventing people from getting help. Elevatr lets therapists earn income helping people in brief, impromptu, and anonymous interactions. Many psychotherapists are trained in techniques clinically proven to help in brief doses and now Elevatr makes it economically feasible.


Studies have shown that rates of depression and anxiety disorders are increasing, especially among youth. 


There are various theories as to what’s causing this trend, like the effects of mobile technology and social media or the effect of the great recession on children at the time. A consequence of this growth trend is that demand for mental health support has far outstripped supply and there is a great segment of the demand that isn’t met at all due to a big gap in the supply - the gap between free resources and traditional treatments that Elevatr is filling.


One study showed that 62% of youth who experienced a major depressive episode received no treatment. Another study showed that 71.4 percent of psychiatric patients were favorable to using smartphones for mental health. People are ready and looking for technology based solutions to their mental health needs.



We’ve spent two years building and improving on the concept, and it is now bearing fruit! We have a revenue generating app that has helped thousands of people. Now we need to raise capital to make improvements based on what we’ve learned. We want to do it via equity crowdfunding so we can reach people who care about our mission and will help spread the word!

 

  • Released 27 versions of the Elevatr iOS app

  • 7,000 downloads, 30,000 App Store views, 165,000 impressions

  • First revenues in 2018 from Elevatr’s new therapist consultations!

  • 2nd result in app store search for “anxiety support”, 5th result in app store search for “depression support groups”


A small but active community of users

 

  • 3k public peer discussions in Elevatr

  • 80k private messages between Elevatr users

  • 3,100 times Elevatr users thanked someone for helping them through a rough time

  • Over 30,000 sessions

  • 20,000 screen views per month

Their feedback speaks volumes...



Elevatr offers a foundation of support from peers and more advanced support from psychotherapists.


We take a two pronged approach to mental health support - emotional support is one component, and clinical guidance is the other. Emotional support can come from peers. But when someone needs more than emotional support they can connect with a therapist for a brief consultation. The purpose of the consultation is to deal with an acute issue, typically an emotional crisis and/or some confusion over what the client can/should do to improve their situation. They aren’t receiving a diagnosis or treatment, but rather a brief solution focused interaction with no long-term commitments. Mobile technology makes this service feasible to deliver conveniently and at scale. This is a unique offering that solves a lot of the problems that prevented people from getting help in the past.


The Elevatr app’s design

 

  • “Live Feed” - topic-based public discussions categorized by need; #Advice requests, #Vent where users let it out, and #Liftup where users share something motivational.

  • “Support Circles” - Elevatr’s twist on support groups are topic based, user moderated, and they take place in group text chats with optional anonymized group video chats

  • “Therapists” - where Elevatr’s unique psychotherapist consultations take place

  • “Friends” - where Elevatr users keep track of their supporters and private message each other

  • “Me” - user’s basic profile containing the information used to help connect with peers

We derived this layout from 2 years of trial and error. The end result is intuitive and an on-boarding tutorial for new users has greatly improved engagement.



Affordable, Convenient, Professional

More Affordable

text and video based therapist consultations offer the most affordable way to speak with a psychotherapist.

Anonymous / Pseudonymous

People can get help from peers and professionals without worrying about their friends or family knowing about it.

Peers & Professionals in One Place

Comprehensive support experience ensuring people have emotional support and clinical advice with continuity.

More Convenient & Impromptu

No need for long-term commitments or lengthy sign ups, users can get help with just a few taps.



Counseling Sessions Like No Other

Elevatr differs from the competition in how easy and affordable we make it to find support from therapists and peers. Here are some of the key features:

  • Therapist consultations are quick, anonymous, and affordable, and therapists are provided Elevatr's own consultation guide

  • Anonymized video chat in peer support groups and therapist consultations

  • Pseudonymous (screen names / aliases) allays anxiety over opening up

  • Topic-based user profiles connect people and therapists relevantly

  • Peer-based suicide risk recognition helps ensure people at risk are directed to suicide prevention resources (National Suicide Prevention Lifeline, and Crisis Text Line)

  • Mood meter helps users understand how others are feeling



What Makes Us Special

Elevatr’s dream team includes 5 amazing people with plenty of sexy acronyms behind their names and the perfect combination of skills to grow this company from the ground up. The founder and CEO, Dr. Israel Zyskind, MD FAAP, brings years of healthcare and entrepreneurship experience along with a vision for technology that improves his patients’ lives. Cofounder and COO, Aaron Rozzi, MBA, brings expertise in technology and business gained through years of engineering and business consulting for startups. Elevatr’s Chief Mental Health Officer, Professor Jonathan B. Singer, PHD LCSW, is a respected figure in the world of social work and suicide prevention, he is an associate professor at Loyola University Chicago's School of Social Work, and he was recently elected president of the American Association of Suicidology. His doctoral research focused on the relationship between technology and mental health. Advisor Elana Premack Sandler, LCSW MPH, brings valuable insight from her experience as a therapist, blogger at Psychology Today, and consultant at the National Suicide Prevention Resource Center. Advisor Josh Rivedal is a writer, actor, and public speaker, traveling the world to speak at colleges about mental health.

Chief Executive Officer

Israel Zyskind, MD FAAP

Chief Operating Officer

Aaron Rozzi, MBA

Mental Health & Counseling Advisor

Jonathan Singer, PHD LCSW

Advisors

Elana Premack Sandler, LCSW MPH

& Josh Rivedal



Join the Movement

Now that we’ve found what works, we want to scale it up. This requires further investment in our technology and our team. We need the resources to put the Elevatr app on Android and build a web interface, to improve the user experience and flow of the app, and to make sure that everyone who needs Elevatr knows about it. 

 

"With the help of your investment we're going to transform the lives of millions of people living with stress, depression, and anxiety."

 

-Israel Zyskind, M.D., Chief Executive Officer at Elevatr



Offering Summary


Company

:

DOCZ LLC

Corporate Address

:

3411 Avenue L, Brooklyn, NY 11210

Offering Minimum

:

$10,000.00

Offering Maximum

:

$300,000.00

Minimum Investment Amount

(per investor)

:

$150.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Units

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

June 14, 2021

Valuation Cap

:

$5,000,000.00

Discount Rate

:

20.0%

Annual Interest Rate*

:

8.0%












*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below




What is a Convertible Note?

A convertible note offers you the right to receive Common Units in DOCZ LLC. The amount of Common Units you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $5,000,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 8.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Units equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).




The 10% Bonus for StartEngine Shareholders

DOCZ LLC will offer 10% additional bonus interest for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 or made at least two investments in StartEngine's own offerings.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 8.8% instead of 8%.   

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement, unless their eligibility period has been extended through additional subsequent investments in StartEngine's own offerings.


Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments; Salary payments made to one’s self, a friend or relative.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$8,624.00 USD
$19,812.00 USD
Cash And Cash Equivalents
$2,374.00 USD
$13,562.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$1,085.00 USD
$11,000.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$35.00 USD
$0.00 USD
Costs Of Goods Sold
$35.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$89,753.00 USD
-$166,152.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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