Waverly Labs offering is now closed and is no longer accepting investments.
INVEST IN WAVERLY LABS TODAY!
Over-the-Ear Interpreter
$2,054,561.47 Raised
Offering Circular | Selected Risks Related to this Offering | Waverly Labs' SEC EDGAR Page
For more information on Waverly Labs, Inc. download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision
Reasons to Invest
- In just a few years, Waverly Labs has generated more than $10MM in Gross Revenues.
- Raised over $2.1MM from 2K+ investors from 2 fully maxed out Reg CF raises
- Partnered with companies like Hilton, Walmart, and Amazon Fulfillment Centers for major B2B testing
“Waverly Labs is an innovative voice and language products company at the convergence of speech translation and wearable technology”
our story
A world without language barriers
From the team that created the Pilot Smart Earbuds with language translation, we invented the "earpiece translator" category and generated over $10MM in sales. Now we tackle the huge market for professional interpretation with Ambassador Interpreter.
original founders, from left to right: Sergio, Andrew, Jainam, Bill
The problem
Professional interpreters are costly
$23B are being spent in the U.S. alone hiring bilingual individuals and professional interpreters to communicate in the commercial space, either on-site, through telephone, conference, or video remote. Such services are often delivered by specialist providers and organizations that focus on one or multiple interpreting modalities. Globally, the amount being spent on interpreters is estimated at $57B.
source: CSA Research, "15th Annual Review of the Services and Technology Industry That Supports Translation, Localization, Interpreting, and Global Content", 2019
The solution
Introducing: Ambassador Interpreter
Ambassador Interpreter is an over-the-ear interpreter designed to solve language barriers in global commerce and business-providing a cheaper, always available, and high quality translation solution to disrupt the spoken interpreter market.
Speech is captured directly from the Ambassador Interpreter earphone, where it is then processed and translated in the cloud. A new speech is developed and the translation is heard directly in the user's ear with minimal lag. The dramatic leap in accuracy is the culmination of major advances in multiple areas:
- Artificial neural networks applied to speech recognition and machine translation.
- Machine learning layers allow the translation to improve as more people use the system.
- Digital signal processing, micro-electronic mechanical systems, and wireless technologies have matured.
GIF
The Market
The estimated global interpretation and translation market is $49.6B
source: CSA Research, "15th Annual Review of the Services and Technology Industry That Supports Translation, Localization, Interpreting, and Global Content", 2019
In addition, specific demand for professional interpreters and bilinguals is rising rapidly. In the United States alone, U.S. employers posted roughly 240,000 job advertisements aimed at bilingual workers in 2010. That figure had more than doubled by 2015, growing to approximately 630,000.
source: New American Economy, "Not Lost in Translation", 2017
our Traction
$10MM in worldwide sales and $2.3M in investment
Not to mention we have seen some impressive growth in just the first few years:
$5.7MM in sales during the first 18 months for Pilot Smart Earbuds
Over $1.4 MM in sales of our newest product, Ambassador Interpreter
2021 sales over 2020 sales from the same period have grown between 40% and 485%
Partnership opportunities to distribute Pilot Smart Earbuds and Ambassador globally
the business model
Hardware and recurring revenues
Ambassador Interpreter is designed around a Hardware-Enabled Services model (HardwareSaaS). Through an optional subscription service, customers will be able to access deeper features custom-tailored for their professional environments. This service will increase the lifetime value of our customers by capturing monthly recurring revenues. Features will include:
Offline translation
Custom vocabularies
Saved transcripts
And additional features
Currently, units are sold at $179 USD and will soon have the potential to earn additional recurring revenues of roughly $4–$10 per user/month for access to the additional features—which are ideal for professional environments. A significant portion of our customer base consists of these customers, which often purchase bulk orders, upwards of 2–15 orders per customer. As unit sales climb, subscription revenues compound and increase our profit margin over the life of the customer, augmenting our sales forecasts and ability to generate healthy and consistent revenues.
how we are different
A market leader
While there are competitors in the space, Waverly Labs has everything they don’t:
- $10MM in gross sales in 3 years
- 400,000 community size, which includes customers, email subscribers, and followers on social media
- Patented Technology, Trademarks, and Trade Secrets
- Our technology works on both iOS and Android platforms
- Strong Brand Recognition among Customers, Potential Customers, Press, and Media
- Positive Reviews of Pilot Smart Earbuds and Ambassador Interpreter
Of our competitors, Timekettle mainly serves Chinese markets, and Google Pixelbuds are limited to Pixel users while lacking translation features for professional interpretation needs. Other companies in the earbud-translation category, including Human Inc, MyManu, Doppler Labs, and Bragi, have gone out of business or similarly left the market.
Waverly Labs has been featured on WIRED, CNN, CNET, TechCrunch, CBS, Forbes, BBC, and practically every major news outlet globally. Our technology has won awards from CES (the Consumer Electronics Show), the Design Museum, and praised for our cutting-edge innovation.
We won the 2020 CES Innovation Award
The Vision
Roadmap to launching our retail line
Founded in 2014, we developed the world's first translating earbuds, Pilot Smart Earbuds with language translation, with a record-breaking product reveal through Indiegogo, raised $4.4MM+ from over 19,000 customers. Since that time, we've been hard at work reengineering every detail of the device for professional users.
Now we introduce: Ambassador Interpreter, your professional translation tool
Tailored for professional users, Ambassador Interpreter builds on our core expertise of speech recognition and language translation, using patented technology to deliver high-quality and smooth translations. As we have already begun production of the Ambassador Interpreter, we are aiming to launch our subscription model and distribute our e-commerce and retail line—expected end of 2021–mid 2022.
Our Leadership
Speech translation expertise meets growth hacking and marketing
Our current team boasts over 12 years experience in the field of software engineering, speech translation technologies and wearable manufacturing, as well as growth hacking and marketing.
We've developed an innovative way of applying speech translation engines to our smart earbuds using patented technology.
- Andrew Ochoa, Co-Founder and CEO
- Sergio Delrio Diaz, Co-Founder and VP of Product
- Georgiy Konovalov, Senior Software Engineer - Mobile
- Alisher Agzamov, Senior Software Engineer - Backend
- Alexis Creuzot, iOS Developer
- Brisa Freitas, VP of Marketing & Communications
Why invest
A letter from our CEO
We started Waverly Labs out of a desire to solve a global challenge with our Pilot Smart Earbuds, and even though we knew we were working on something groundbreaking, we didn’t anticipate the level of love and support that we’ve received from our global community. It’s inspiring to know that so many people are just as passionate about breaking down language barriers as we are, and we’re thrilled to have touched so many lives.
Now as we release Ambassador Interpreter, we realize a new evolution of what’s capable with our technology as we solve the language barrier for professionals and businesses alike. Our customers still send us stories every day about how they’ll use Ambassador, like Jade who uses them on international film sets, and Wesley who runs conferences all over the world.Their support and encouragement are truly why we do this.
As an investor and evangelist, you’ll be at the cutting-edge of innovative technology that will bridge the language divide. We’ll reap the rewards of our success and build something incredible. When people ask who did it, you’ll say “We Did It”.
Join us on this journey, and together we’ll shape the future.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
ABOUT
HEADQUARTERS
19 Morris Avenue
Brooklyn, NY 11205
WEBSITE
View Site
Waverly Labs makes Ambassador: an over-the-ear interpreter designed to solve the language barriers in global business and commerce.
TERMS
Waverly Labs
Overview
PRICE PER SHARE
$8.86
DEADLINE
Nov 11, 2021
VALUATION
$40M
AMOUNT RAISED
$2,054,561.47
Breakdown
MIN INVESTMENT
$496.16
MAX INVESTMENT
$9,999,998
MIN NUMBER OF SHARES OFFERED
0
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Series C Shares
MAX NUMBER OF SHARES OFFERED
1,128,667
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Waverly Labs |
Corporate Address | : | 19 Morris Avenue, Brooklyn, NY 11205 |
Offering Minimum | : | $0.00 |
Offering Maximum | : | $10,349,995.06 |
Minimum Investment Amount(per investor) | : | $496.16 |
Terms
Offering Type | : | Equity |
Security Name | : | Series C Shares |
Minimum Number of Shares Offered | : | 0 |
Maximum Number of Shares Offered | : | 1,168,171 |
Price per Share | : | $8.86 |
Pre-Money Valuation | : | $40,000,002.78 |
ALL UPDATES
11.10.21
$2MM RAISED! Less than 24 hours to invest!
There are less than 24 hours left to invest and we just hit $2MM raised!
Once again we’re overwhelmed with gratitude for your support. And we’re not stopping yet! If you’re considering investing and you haven’t yet, now is the time.
This offering (most likely our last one) is closing tonight at 11:59pm PST. Don’t miss your chance to become a shareholder in Waverly Labs and help us make language barriers a thing of the past.
If you’re planning on investing today, we highly encourage you to do it sooner rather than later. The form to create your investor account is lengthy and can take up to 30 minutes to complete (or longer). In addition to that, fund clearance can also take a few hours and, especially for larger sums, may require additional steps to authorize with your bank. All this to say, this is not the time to procrastinate.
Whether you already invested, are investing today, or not at all, we want to thank you. Everything we’ve been able to accomplish is because of your continued support and sharing our story with those around you. We hope you’ll continue to join us on this journey for years to come! If you haven’t yet, sign up for our email newsletter and follow us on social to stay up to date on all things Waverly Labs!
REMINDER: OFFER CLOSES TODAY AT 11:59 PM PST!
Stay in touch!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.09.21
1 DAY LEFT TO INVEST! Closing tomorrow!
With only one day left to invest, we’re so close to $2MM raised! Can you help us get there?
We know deciding on investing is a big decision so we compiled a few resources to answer any last minute questions you may have. Check them out below!
Product questions about Ambassador Interpreter?
Ambassador Interpreter Tutorials
Questions about investing?
Frequently asked investor questions
Waverly Labs lead investor webinar
StartEngine investors leave raving reviews for Waverly Labs
The top 6 reasons to Invest in Waverly Labs
Curious about what others are saying about us?
WIRED: Waverly Labs Ambassador Interpreter
InvestorPlace: 7 Highly-Funded Crowdfunding Opportunities on StartEngine
ReadWrite: The Waverly Labs Ambassador Interpreter—Wow
International Business Times: Google Translate vs. Dedicated Translation Headphone
Still have questions? Email us at investor@waverlylabs.com and we’ll do our best to get back to you as soon as possible!
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
While the company has signed a quotation agreement to trade the securities offered on StartEngine Secondary’s new alternative trading system (the “ATS”), a company which intends to be quoted on the marketplace will be subject to certain requirements which the company may or may not be able to satisfy in a timely manner. Even if a company is qualified to quote its securities on the market, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.
11.08.21
2 DAYS LEFT TO INVEST! Last chance to ask questions!
We encourage you to join our final investor webinar tomorrow 11/9 to have all your burning questions answered! This is your last chance to speak directly with our team before the close of our campaign.
Trust us, you don’t want to be left in the dark on this one! Our CEO Andrew Ochoa, will be joined by fellow co-founder and VP of Product, Sergio Del Río.
Per your request, Sergio will be available to answer your question in Spanish. Tune in to our bilingual webinar—it'll be an unforgettable event!
If you haven’t yet, register here for the event set for tomorrow 11/9 at 12 PM PST / 3 PM EST.
Spread the word with your friends, family, and network, and we look forward to seeing you there!
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.07.21
3 DAYS LEFT TO INVEST! Upcoming product updates
Yesterday we shared our long term goals for the Ambassador Interpreter. Today we want to give you a sneak peek into product updates you can expect before the end of the year.
Custom Terms
The Custom Terms feature allows users to add unique words that may not have exact translations to their translation dictionary. This can be anything from industry-specific jargon to a rare name that gets misunderstood often. Users can expect this feature in the next few weeks!
Auto-reconnection for iOS
Once you connect your Ambassador Interpreter via Bluetooth to your phone it will automatically reconnect every time after that. We already released auto-reconnection for Android earlier this year. The iOS version of this highly requested feature is almost ready and will launch in the next few months.
Continuous Mode
Continuous Mode eliminates the need for users to click the Ambassador Interpreter button before speaking. This feature is already available for Lecture and Listen Modes, and will be available for Converse Mode before the end of the year.
If you have any outstanding questions about our product roadmap or investing, join us for our last Town Hall Tuesday 11/9 @ 3pm ET/ 12pm PT. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish.
If you haven’t yet, register here. This will be the last chance to get answers before the close of the campaign. Bring your burning questions—in English or Spanish.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.06.21
4 DAYS LEFT TO INVEST! What’s next for Waverly Labs?
When describing the Ambassador Interpreter, people often compare us to the Star Trek universal translator or the Babel Fish from Hitchhiker’s Guide to the Galaxy. While we’re flattered, it’s not a perfect comparison… yet.
The fact is that for us to reach science fiction levels of translation technology, there are a few key features we need to develop. The exciting news is that we think it’s possible we’ll achieve them in the next 5–7 years (maybe even sooner).
Here’s what Waverly Labs is planning to tackle in the next few years:
Achieve true real-time translation
We see the term “real-time translation” thrown around quite a bit, but it’s not quite accurate. Existing translation technology has only figured out consecutive translation—where the translation is done once the speaker has completed their thought. From a user’s perspective, this can feel like real-time since there’s only a fraction of a second delay before the translation begins. This is why a lot of translation devices use the term “real-time” in their product descriptions anyway.
But true real-time translation, or simultaneous translation, occurs when the translation is occurring at the same time as the user is speaking. Human interpreters are great at this because they can pick up on context clues and adjust for differences in sentence structure between languages. Machines have yet to figure out how to do this effectively.
We have a version of simultaneous translation already in the works that we hope to release in beta by the end of 2021.
Develop offline translation
Currently, our entire solution is cloud-based as the earbuds must have connectivity to the servers. We have developed incredible compression technology that ensures that the Ambassador Interpreter works even with the slightest signal, but it does need that signal. It’s possible to create an offline model for a few languages, but chips that can store the amount of data necessary to make this possible for a large number of languages don't exist yet. We expect this to change in the next few years. When that does, it’ll open new opportunities for offline translation technology in even the most remote areas—from the middle of the Sahara all the way to space.
Speaker characteristics
This is the one that would truly make us feel like we’ve achieved Star Trek status. We aim to develop translation devices that will not only simultaneously translate, but will also match the speaker’s voice, emotions, and small nuances that makes each person unique. We think we’ll develop this in the next 7–10 years. And when we do, who knows? Maybe we’ll hire Spock as our spokesperson 🖖🏼
Until then, if you have any outstanding questions about investing, join us for our last Town Hall Tuesday 11/9 @ 3pm ET/ 12pm PT. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish.
If you haven’t yet, register here. This will be the last chance to get answers before the close of the campaign. Bring your burning questions—in English or Spanish.
Hope to see you there!
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.05.21
5 DAYS LEFT TO INVEST! We took the Ambassador Interpreter to NYC 🗽
Over the summer we took the Ambassador Interpreter to New York City, the most linguistically diverse city in the world. The plan was to introduce the Ambassador Interpreter to 3 professionals who deal with language barriers on a regular basis—a language instructor, a tour guide, and a shoe designer who works with international suppliers.
In the process of filming, we ended up having conversations with way more than 3 people. Above is the resulting video. All real people sharing their real experiences.
If you have any outstanding questions about investing, join us for our last Town Hall Tuesday 11/9 @ 3pm ET/ 12pm PT. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish.
If you haven’t yet, register here. This will be the last chance to get answers before the close of the campaign. Bring your burning questions—in English or Spanish.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
These testimonials may not be representative of the experience of other customers and are not a guarantee of future performance or success.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.04.21
6 DAYS LEFT TO INVEST! New school district using Ambassador Interpreter 🍎
We’re picking up steam in the education industry! Another school district (this time in Georgia) has recently ordered 25 Ambassador Interpreters.
The school district plans to use their Ambassador Interpreters to help ELL (English-language learners) students better communicate with their teachers. Studies show that the sooner ELL students achieve English proficiency, the narrower the achievement gap becomes between them and their English-speaking peers.
Using a tool like the Ambassador Interpreter can help more students reach English proficiency faster. By eliminating the initial friction in communication between teachers and students, the devices allow students to focus on what’s most important: learning.
If you have any outstanding questions about investing, join us for our last Town Hall Tuesday 11/9 @ 3pm ET/ 12pm PT. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish.
If you haven’t yet, register here. This will be the last chance to get answers before the close of the campaign. Bring your burning questions—in English or Spanish.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.03.21
7 DAYS LEFT TO INVEST! Production update
We’re going to production! The global chip shortage has not been easy to navigate, but we finally received the MFI authentication chips that we were waiting for. With those in hand, we are ready to begin production on another batch of Ambassador Interpreters.
Also, this next batch will feature some key improvements:
An updated design that makes the LED lights more visible, allowing users to more clearly see what mode the device is in.
An added gasket to the speaker to minimize feedback loop.
Plus, some minor improvements in the packaging, making it more attractive and intuitive.
The new units will be ready just in time to debut them at CES 2022 along with our new suite of services! We can’t wait to share more as we get closer.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
11.02.21
8 DAYS LEFT TO INVEST! B2B sales are continuing to grow 📈
We’ve hit another major milestone! October marked the first month in which our B2B sales surpassed our direct to consumer sales! This has been the goal since we set out to create a translation device specifically designed for professionals. For those of you that are new to our community, here’s a bit of background on how we got here.
We started off our journey with the launch of the world’s first translation earbud, the Pilot Smart Translating Earbuds. The Pilot was a consumer product made for everyday use like travel or speaking to friends in a casual setting. It also had regular earbud functionality for streaming music and taking calls. They were a hit! After launching our first crowdfunding campaign, we became the third most funded tech campaign on Indiegogo, raising over $4.4MM!
As we continued to grow, we noticed a pattern in the feedback we received from our customers and how the Pilot was actually being used. While a translation earbud is definitely useful in casual situations, where it really excels is in longform, more involved conversations.
That feedback is what inspired us to go back to the drawing board and create the Ambassador Interpreter—an accurate translation tool that users can rely on during critical moments, whether that’s a business negotiation or a parent-teacher meeting.
What followed was years of product development, navigating production through a pandemic, and still successfully launching the Ambassador Interpreter with a DTC sales model. Bringing us to the present where we’ve dedicated this year to refining our customer profiles, fine tuning our B2B messaging, and increasing our brand awareness to bring us to this exact moment where it’s all starting to pay off.
This isn’t just a major milestone, but an encouraging one. It tells us we’re moving in the right direction and we’re beginning to reach our target customers. Next step is to hire someone to work full-time on business development. We’re hoping to do that next year, with your help!
The investments from this current campaign will support our continued growth, both for our teams and production.
If you have any outstanding questions about investing, join us for our next Town Hall today Tuesday 11/2 @ 3pm ET/ 12pm PT. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish. That’s right, we’re hosting our first ever bilingual webinar!
If you haven’t yet, register here. There are only 2 left before the close of the campaign. Bring your burning questions—in English or Spanish.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
10.28.21
13 DAYS LEFT TO INVEST! $1.5MM Raised 🎉
We have officially raised $1.5MM! The best part? It happened live during our last town hall. It was so special to get the news as we were doing one of our favorite things—speaking to you, the ones who make it all possible.
We are overwhelmed with gratitude. Your trust in our team means we’re now that much closer to creating a world without language barriers.
And speaking of our town halls, you won’t want to miss the next ones. Our CEO Andrew Ochoa will be joined by fellow co-founder and VP of Product, Sergio Del Río. Per your request, Sergio will be available to answer your questions in Spanish. That’s right, we’re hosting our first ever bilingual webinar!
If you haven’t yet, register here for the next one on Tuesday, November 2 @ 3pm ET/ 12pm PT. There are only 2 left before the close of the campaign. Bring your burning questions—in English or Spanish.
REMINDER: Last day to invest in Waverly Labs is November 10, 2021!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
REWARDS
$496
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000
Discount Tier
Invest $1,000+ and receive 50% off the retail price of one Ambassador Interpreter (cannot be combined with other discounts)
$2,500
Ambassador Tier
Invest $2,500+ and receive one free Ambassador Interpreter in your choice of available colors
$5,000
Bonus Tier
Invest $5,000+ and receive 5% bonus shares and one free Ambassador Interpreter in your choice of available colors
$10,000
VIP Bonus Tier
Invest $10,000+ and receive 10% bonus shares and one free Ambassador Interpreter in your choice of available colors
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
