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FreshMynd isn't accepting new investments

FreshMynd’s deadline was February 18, 2018

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FreshMynd

Breakthrough ADHD supplement for kids backed by 20+ independent clinical studies
Social Impact Kids Immigrant Founders B2C Supplements Women Founders Pharmaceuticals & Medicine
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$58,475
Raised
89
Investors
Successfully funded and closed on February 18, 2018.
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Closed on February 18, 2018. Information may not be up-to-date. Campaign closed on February 18, 2018. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by FreshMynd Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FreshMynd Crowd SAFE
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Hear from some of the 89 investors in FreshMynd


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Deal highlights

  • Breakthrough natural solution for ADHD to avoid or reduce the use of prescription medication.
  • The only supplement to include all 12 ingredients shown in 20+ independent clinical studies to significantly reduce symptoms of ADHD.
  • A $14B market, growing 6.2% a year - one of the fastest growing pharma categories in the world.
  • ADHD affects 11% of school-age children, 1 in 5 high school boys, and 120M+ children worldwide. 
  • Developed by a mom. Loved by kids and parents to be tasty and easy to take.
  • Targeting to breakeven in Year 1 based on verified costs and margins.

Attention-deficit/hyperactivity disorder (ADHD) affects 11% of school-age children. Symptoms continue into adulthood in more than 75% of cases.

ADHD is characterized by inattention, impulsivity and hyperactivity. It can severely impact a child’s ability to do well in school and form friendships, cripple their self confidence and prevent them from reaching their full potential.


ADHD rates are skyrocketing


Medication often has severe side effects

We recognize that medication has a place in the treatment of ADHD. Sometimes it is the only thing that works. But it has side effects, sometimes quite serious ones.


Existing natural supplements are too complicated



There is a better way


True Clarity is a breakthrough new natural supplement to safely and naturally treat the symptoms of ADHD and avoid or reduce the use of prescription medication.

Chosen as a finalist on Meet the Drapers

Complete

True Clarity is a complete set of the 12 vitamins, minerals, oils, probiotics, and herbs that have been shown in clinical studies to significantly reduce symptoms of ADHD - combined into just 4 chewable tablets and 1 spoonful of Omegas 3/6. 

It is the only ADHD supplement on the market to include all these ingredients.

Backed by science


The ingredients in True Clarity have been shown in 20+ independent clinical studies to significantly reduce symptoms of ADHD. The dosage we use is the one demonstrated to be effective in the clinical studies.

It is the only ADHD supplement that use the correct dosages shown to have an impact.

Tasty

Kids like taking True Clarity. They are yummy chewables plus a sweet spoonful of Omegas 3/6 in three tasty flavors chosen by our kid advisors. No pills or powders.

Easy

Each True Clarity box contains:

  • 31 daily packets with 4 chewable tablets per day
  • 31 daily single-serve packets of Omegas 3/6

It is shelf-stable and easy to take on the go. Just grab one of each packet and you're set.


US-made high quality

True Clarity is manufactured in the US at a GMP-certified NSF-approved facility. That’s the highest standards in the dietary supplements industry.

All ingredients are certified to the highest purity and sourced from ethical suppliers.




Kid-tested, parent-approved


Our supplements have been tested by our panel of 6-15 yr-old kid advisors and their parents to ensure they are tasty and easy to take.

We are the only company in the ADHD care market that has kid and parent advisors to help design and test our products.


A community, not just a product

Being a parent of a child with ADHD is hard. It's a daily struggle to find something that helps your child and saves your sanity. Parents often feel lost and alone.

FreshMynd is more than a natural supplement. We are creating a community around our common problem to identify solutions, share ideas, and support each other. 

We also continue to research science-backed solutions that will help - through nutrition, supplements, therapy, mindfulness, fitness, and more.


Invest in FreshMynd

Progress to date

  • Analyzed 100s of websites and read 100s of clinical research papers
  • Identified 12 active ingredients proven in independent clinical studies to help measurably reduce symptoms of ADHD
  • Interviewed a dozen different manufacturers 
  • Partnered with an awesome, US-based, GMP-certified, NSF-compliant manufacturer
  • Created the product formulation, flavors, taste, and packaging with continuous input from kid and parent advisors.
  • Created a community of ADHD parents and children
  • Signed on 5 amazing team members
  • Completed financial projections and product pricing
  • Chosen as finalists on the Meet The Drapers reality crowdfunding TV show

Future pipeline

We have exciting plans for the next few years. 

Beyond the supplement we plan to launch in Year 1, we are already hard at work on a coaching app that will provide daily support to both parents and kids dealing with ADHD.

Years 3-4 will be about expanding what we've learned and developed to more countries and special needs.



Adherence-centered business model

FreshMynd will sell supplements in monthly packages via our website and retail online and brick & mortar partners. We will offer convenient subscription plans to simplify adherence for parents. With an affordable monthly subscription price of under $75 + free shipping, we are targeting 50% gross profit margins.

3 reasons to invest

1. The market is very large and growing rapidly. We seek to capture just 3% of that market by year 4 and are targeting the equivalent of approximately 5,300 monthly subscriptions in 2018 which would allow us to break even.

2. Our business model is focused on developing a robust recurring revenue stream by encouraging users to sign up for subscriptions.

3. Our founders have deep e-commerce and retail experience and have successfully executed several global product launches.


Global ADHD therapeutics is one of the fastest growing categories in the market.

Go-to-market strategy

Our plan is to immediately implement a multi-channel distribution strategy targeting both B2C and B2B channels.

Competitive landscape

FreshMynd is the first science-backed, kid-friendly, and parent-friendly combination supplement in the ADHD market. We have the highest number of individual ingredients shown in clinical studies to significantly reduce the symptoms of ADHD.

We plan to use that first mover advantage to remain the clear market leader and protect our unique formulation through patents and trademarks wherever possible. We are uniquely positioned to be a strong alternative, or complement to, prescription medications, depending on the severity of the symptoms.

Prescription medications are the most commonly used solution, but they suffer from severe side-effects and high costs. They are mostly not available in kid-friendly flavors and formulations.

Single-ingredient supplements have limited effectiveness by themselves and need to be combined with multiple other ingredients for maximum benefit. Many of the individual supplements shown to be effective in reducing symptoms of ADHD - like Bacopa Monnieri and Pyctogenol - are not available in kid-friendly flavors and formulations.

Combination supplements often include only 2-3 ingredients shown in clinical studies to help reduce the symptoms of ADHD and many other ingredients with no proven benefits, so consumers are essentially paying a premium price for filler ingredients. In addition, dosages of effective natural ingredients are rarely the ones shown to be impactful in clinical studies, resulting in limited effectiveness. Few of these supplements are available in kid-friendly flavors and formulations.

The ask

We’re looking for an initial investment of $500K.

This should enable us to launch the product within 3-4 months of completing the funding.

  • Optimize supplement formulation
  • Complete manufacturing
  • Create distribution at retail and online
  • Launch the product in the US

We are very focused on managing costs. We are going to do it like this:

Keep headcount low  

No extras like a nice office or fancy coffee  

Low COGS and solid product margins  

Only major spend is marketing to drive sales  

Financial projections

We are being conservative by assuming the addressable market for FreshMynd to be the whole US 4-18 patient population and only 5% of adults with ADHD, which is 10+ million. We plan to expand rapidly to the adult population as a whole, thus doubling our potential market as new products are introduced at a later stage.

Our COGS is based on conservative quotes on formulation, packaging and logistics suppliers costs.

We are targeting to achieve breakeven in 2018 and profitability in following years.


Invest in FreshMynd


The FreshMynd team

We care. For us, this is personal. We have loved ones who are dealing with ADHD.

We understand how confusing, scary, and difficult it is to find science-based data on ADHD, the effectiveness of available treatments, and what truly helps.

Our mission is to enable children with ADHD and their parents to live healthy, happy lives. We give them the tools they need to help their minds and bodies thrive safely and naturally.

Seema Lindskog — CEO & Co-Founder


Seema has 20+ years of experience in marketing leadership at companies like Kraft Foods, Western Digital, Roku, and Evernote.  She is an expert in marketing – strategy, brand identity, ecommerce, retail marketing, international, product marketing, global product launches, and more.

Seema is mom to a little boy and loves spending time with her family and dog.  She is passionate about wellness and health and instills those values in her family’s daily life.



Devesh Sharma — COO & Co-Founder


Devesh has 30+ years experience in Finance, M&A, Strategy, and Operations at companies which include Carrier, Allied Signal, Bosch, Alstom, CMC, Tomlin Investments. He is the financial and operational wizard gluing all the pieces together.

Devesh loves spending time with his 3 kids, cooking gourmet meals, going for seriously long 10+ mile walks, and enjoying life and friendships. He firmly believes that a healthy, fit life is within reach of all of us.


Other team members


This is about hope.

The truth is, when a child has ADHD, it affects the whole family. Kids struggle with low self-esteem, meds, and side-effects. Parents struggle with their child’s behavior issues and finding treatments that work. FreshMynd wants to change that.

Our mission is to give hope back to families. Create safe and natural solutions that make life better for both parents and kids. Because ADHD shouldn’t define them or what they can achieve in life.

Our breakthrough supplement is an easy and tasty daily dose of vitamins, minerals, and herbs. Real results backed by science. No side effects, no bitter pills or powders. It’s a solution that works for the entire family.

We have big plans beyond supplements. We are working on a coaching app that will give both parents and kids unlimited daily access to their own psychologist, nutritionist, fitness and meditation coaches.

Join us in creating safe, natural solutions to ADHD for parents and kids. Someone you love is struggling with ADHD right now. Give them a better way.

Deal terms


Valuation cap

$4,500,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for FreshMynd occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$50

The smallest investment amount that FreshMynd is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
FreshMynd needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by FreshMynd Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FreshMynd Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in FreshMynd.
Invest
$100
Receive
  • 1 free month of TrueClarity if you invest + An e-book of expert tips on nutrition, health & fitness for ADHD + A personal thank you on Facebook and Twitter, with your consent
Invest
$500
Receive
  • All that plus… One free month of TrueClarity supplements + Your name as a supporter on our website, with your consent
Invest
$1,000
Receive
  • All that plus… Two free months of TrueClarity supplements (1 additional month) + An invitation to join our parents and kids advisor groups
Invest
$2,500
Receive
  • All that plus… 6 free months of TrueClarity supplements (4 additional months) + A personal video conference call with the FreshMynd founders
Invest
$5,000
Receive
  • All that plus… 1 free year of TrueClarity supplements (6 additional months) + Monthly personal follow-up calls for one year to check in on how the supplements are working.
Invest
$10,000
Receive
  • All that plus… Quarterly personal calls to brief you on our progress + An interview with you for our community, posted on all our social channels.
Invest
$25,000
Receive
  • All that plus… Free flight to San Francisco for dinner with the FreshMynd founders (up to $500 value) + A 1 hour meeting with one of our advisors of your choice.
Invest
$50,000
Receive
  • All that plus… A seat on our advisory board + Join the FreshMynd founders for an interview with a journalist

Why others invested

See all reviews (37) See all (37)

Huge growing market that is underserved by current offerings + parents are desperately looking for natural safer alternatives.

Profile picture of Elizabeth Galbut
Elizabeth Galbut
Active investor
over 8 years ago

I like FreshMynd because it gets to the root of the problem in education and avoids over-medicating our children.

Profile picture of Tim Draper
Tim Draper
Active investor
over 8 years ago

I invested because the side effects of traditional medications were devastating to a family member with a dual diagnosis.

Profile picture of Fran Ferguson
Fran Ferguson
Investor
about 8 years ago

About FreshMynd

Legal Name
FreshMynd Inc.
Founded
Aug 2017
Form
Delaware Corporation
Employees
0
Website
freshmynd.com
Social Media
Headquarters
Google Map location of of FreshMynd
10390 Farallone Drive , Cupertino, CA
Headquarters
10390 Farallone Drive, Cupertino, CA, United States 95014

FreshMynd Team
Everyone helping build FreshMynd, not limited to employees

Profile picture of Seema Lindskog
Seema Lindskog
CEO & Co-Founder
Featured in Superheroes · Read
20+ years experience in Marketing, User Acquisition, and Product Launches. Kraft Foods, Symantec, Western Digital, Roku, Evernote, Lavish Life.
Profile picture of Devesh Sharma
Devesh Sharma
COO & Co-Founder
30+ years experience in Operations, Finance, Strategy, M&A Carrier, Allied Signal, Bosch, Alstom, CMC, Tomlin Investments.
Profile picture of Sujata Garcha
Sujata Garcha
VP of Operations - Managed commerce operations at Mervyn’s and bebe. Expertise in inventory mgmt, forecasting & planning.
Profile picture of Sarika Batra
Sarika Batra
Advisor / Entrepreneur - Founder of Andaaz TV, the first US-based South Asian show on Sony Entertainment Television which airs in over 150 countries.
Profile picture of Julie Ehret
Julie Ehret
Advisor / Attorney & Investor - Acquisition counsel to domestic and international private equity firms, joint ventures, and pension funds in the US and UK.
Profile picture of Melissa Bostock
Melissa Bostock
Advisor / Pharmacist - Doctor of Pharmacy from UCSF, Masters in Public Health, Bachelor in Microbiology, Immunology and Molecular Genetics.
Profile picture of Naina Shah
Naina Shah
Advisor / Scientist - Food scientist at one of the biggest food companies in the world. 20 years experience in food industry and food ingredients.
5 more team members
Seema Lindskog
CEO & Co-Founder
Devesh Sharma
COO & Co-Founder
Sujata Garcha
VP of Operations - Managed commerce operations at Mervyn’s and bebe. Expertise in inventory mgmt, forecasting & planning.
Sarika Batra
Advisor / Entrepreneur - Founder of Andaaz TV, the first US-based South Asian show on Sony Entertainment Television which airs in over 150 countries.
Julie Ehret
Advisor / Attorney & Investor - Acquisition counsel to domestic and international private equity firms, joint ventures, and pension funds in the US and UK.
Melissa Bostock
Advisor / Pharmacist - Doctor of Pharmacy from UCSF, Masters in Public Health, Bachelor in Microbiology, Immunology and Molecular Genetics.
Naina Shah
Advisor / Scientist - Food scientist at one of the biggest food companies in the world. 20 years experience in food industry and food ingredients.

Press

Meet the Drapers: Way Up!
Vimeo Vimeo
·
Dec 23, 2017

The founders of FreshMynd pitch their company to one of the most famous VC families in Silicon Valley - Bill Draper, Tim ...

Startup Showcase: TideSpin & FreshMynd
WGN Radio - 720 AM WGN Radio - 720 AM
·
Dec 12, 2017

This week on the show Scott Kitun and co-host, Jimmy Odom, are joined by the CMO of TideSpin, Adam Bianco. Scott, Jimmy, ...

Have a Child with ADHD? Here's a Natural Product that Can...
La-story La-story

If you are a parent or relative of a child with ADHD, this might be the answer that all parents of children with ADHD are...

Have a Child with ADHD? Here's a Natural Product that Can...
La-story La-story

If you are a parent or relative of a child with ADHD, this might be the answer that all parents of children with ADHD are...

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FreshMynd

FreshMynd successfully raised $58,475 from 89 investors on February 18, 2018
Profile picture of Tim Draper
Profile picture of Matthew Watson
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Profile picture of Philipp S Wolff
Tim, Matthew, Ali, Rand, Philipp S, and 84 others invested. 37 Reviews
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