The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

wewearables.com

Stage

IPO | IPO

Total Raised

$100K

Date of IPO

6/10/2015

Market Cap

0.00B

Stock Price

0.76

About WeWearables

WeWearables plans to market and distribute the next generation of wearable health and wellness devices. The "wearables" mainly consists of tracking devices that are worn on the wrist, waist, ankle or shoe that tie to a smart phone to track and report on fitness and activity levels. WeWearables is targeting the next generation of devices that focus on smart, wearable products to help with specific diseases or solve direct healthcare issues. The human body is an untapped information source and consumers are looking for better ways to track and manage their health or improve their fitness or wellness. WeWearables is focused on the distribution of wearable products that target this industry.

WeWearables Headquarter Location

7 Whitford Suite C

Irvine, California, 92602,

United States

714-791-1305

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing WeWearables

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

WeWearables is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

9,318 items

F

Fitness Tech

1,298 items

This Collection includes startups developing software and technology to augment approaches to developing or maintaining physical fitness, including workout apps, wearables, and connected fitness equipment.

S

Smart Home & Consumer Electronics

1,086 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

H

Health Monitoring & Diagnostics

462 items

Companies developing wearable health monitoring solutions (human health only). Companies tagged as #Wearables (*note: this tag may also apply to companies outside the scope of this collection)

Latest WeWearables News

EDGAR Pro - WEWEARABLES, INC. - IPO Profile

Jun 11, 2015

URL:  Company Description WeWearables plans to market and distribute the next generation of wearablehealth and wellness devices. The “wearables” mainly consists of tracking devicesthat are worn on your wrist, waist, ankle or shoe that tie to your smart phoneto track and report on your fitness and activity levels. WeWearables istargeting the next generation of devices that focus on smart, wearable productsto help with specific diseases or solve direct healthcare issues. The human bodyis an untapped information source and consumers are looking for better ways totrack and manage their health or improve their fitness or wellness. WeWearablesis focused on the distribution of wearable products that target this industry.---WeWearables, Inc. was incorporated under the laws of the State of Nevada onMay 14, 2014. Our office and mailing address is 7 Whitford, Irvine, CA 92602.Our telephone number: (714) 791-1305. Description of Business WeWearables plans to market and distribute the next generation of wearablehealth and wellness devices. The “wearables” mainly consists of tracking devicesthat are worn on your wrist, waist, ankle or shoe that tie to your smart phoneto track and report on your fitness and activity levels. WeWearables istargeting the next generation of devices that focus on smart, wearable productsto help with specific diseases or solve direct healthcare issues. The human bodyis an untapped information source and consumers are looking for better ways totrack and manage their health or improve their fitness or wellness. WeWearablesis focused on the distribution of wearable products that target this industry.WeWearables is focused on the following three business models:WeWearables.com eCommerce Market place – an online marketplace to shop, compare,review, rate and purchase the latest wearable technology. The marketplace willbe modeled after zappos.com or casa.com, similar to how other e-commercewebsites focus on specific products and target markets. Amazon currently ownsand/or operates over 20+ specialty e-commerce websites such as Diapers.com (forkids), Fabric.com (for sewing), Wag.com (for pets) and many others.WeWearables Vending Machines – Vending machines can be placed in fitnesscenters, medical groups, doctors’ offices and other locations where people withspecific diseases or chronic conditions are visiting. The vending machines willbe stocked with devices specific to the market they are placed in. For example,a cardiology practice would have a vending machine with a wearable bloodpressure cuff and heart monitoring equipment and fitness tracker (pedometer). AnOB/GYN practice would have a vending machine with fitness, weight loss, babymonitors and other related wearable devices. A custom designed vending machinewill be created with a large flat screen monitor to display ads and promotewearables products at each vending machine location. The WeWearables Marketplacesoftware will allow wearable vendors to place their products at these vendinglocations and to run advertising on the vending machine.WeWearables Retail Kiosks – Small retail kiosks inside malls will help promotethe brand and online marketplace and also have direct retail sales. Kiosks willbe designed to have interactive equipment that connects with people’s mobilephones and tablet devices. Kiosks can be owned directly by us or franchised byterritory.All three business models will be supported by advertising revenue. Wearablestechnology requires user education before the consumer can purchase the device.There are large advertising budgets around wearable technology from companiessuch as Nike, Adidas, Fitbit, Withings, and many others.---WeWearables, Inc. was incorporated under the laws of the State of Nevada onMay 14, 2014. Our office and mailing address is 7 Whitford, Irvine, CA 92602.Our telephone number: (714) 791-1305. Use of Proceeds WeWearables will apply the proceeds from the offering to pay for accountingfees, legal and professional fees associated with the offering. The totalestimated costs of the offering ($55,000) do not exceed the maximum amount ofoffering proceeds ($250,000). The estimated costs of the offering, whichprincipally relate to professional costs, are estimated to consist of:SEC Registration fee $ 32.20NASD filing fee 100.00Accounting fees and expenses 5,000.00Legal fees and expenses (relating to the preparation ofour registration statement from inception to effectivedate and related documents) 40,000.00Transfer agent fees 2,500.00Blue Sky fees and expenses 5,000.00Miscellaneous expenses 2,367.80Total $ 55,000.00WeWearables will pay all costs related to this offering. If the amount ofoffering costs exceed the amount raised, this amount in excess of the offeringproceeds will be paid when necessary or otherwise accrued on the books andrecords of WeWearables until we are able to pay the full amounts due either fromrevenues or loans from our president and chief executive officer, related orunrelated parties that we may approach. A significant portion of the estimatedcosts of the offering ($55,000) are legal fees and expenses ($40,000). Absentsufficient revenues to pay these amounts, we will seek financial assistanceeither from our president and chief executive officer, or shareholders orpossibly third party business associates of our president and chief executiveofficer who may agree to loan us the funds necessary to cover the balance ofoutstanding professional and related fees related to our prospectus to theextent that such liabilities cannot be extended or satisfied in other ways andthe professional service providers insist upon payment. Absent the above, Mr.Chen will attempt to seek sufficient funding personally for the amounts due and,if successful in obtaining these funds, to lend it to the Company on aninterest-free basis. No formal written arrangement exists, with respect to Mr.Chen or anyone’s commitment outside of the Company, to loan funds for thispurpose.Our offering is being made on a best efforts basis: no minimum number of sharesmust be sold in order for the offering to proceed. The offering price per shareis $0.10. The following table sets forth the uses of proceeds assuming the sale100%, 75%, 50% and 10% respectively, of the securities offered for sale by theCompany. There is no assurance that we will raise the full $250,000 asanticipated. The following scenarios are for illustrative purposes only and theactual amounts of proceeds, if any, may differ. $ 250,000 $ 187,500 $ 125,000 $ 25,000Offering Costs $ 55,000 $ 55,000 $ 55,000 $ 25,000Net Proceeds $ 195,000 $ 132,500 $ 70,000 $ 0Website development $ 45,000 $ 45,000 $ 45,000 $ 0Kiosk development $ 30,000 $ 30,000 $ 0 $ 0Vending machine development $ 30,000 $ 0 $ 0 $ 0Advertising & search engine optimization $ 40,000 $ 40,000 $ 20,000 $ 0Rent $ 12,000 $ 0 $ 0 $ 0Inventory $ 38,000 $ 17,500 $ 5,000 $ 0Total $ 195,000 $ 132,500 $ 70,000 $ 0Our plans will not change regardless of whether the maximum proceeds are raised. Competition / Competitors The wearables market faces significant competition. The notable largecompetitors are online resellers such as Amazon and brick and mortar stores suchas BestBuy, Walmart and sporting goods stores. Additionally, we face competitionfrom direct sales by the device makers Apple, Google, Samsung, Sony, Epson, LG,Intel, Nike, Adidas, Qualcomm, Fitbit, WiThings, and Jawbone. Currently, thereis no dominant industry leader. We plan to provide specialized best in marketproducts through our distribution channels. The Company expects to face furthercompetition from new market entrants and possible alliances among competitors inthe future as the convergence of information processing and telecommunicationscontinues. Many of the Company's current and potential competitors havesignificantly greater financial, technical, marketing and other resources thanthe Company. As a result, they may be better able to respond or adapt to new oremerging technologies and changes in client requirements or to devote greaterresources to the development, marketing and sales of their services than theCompany. There can be no assurance that the Company will be able to competesuccessfully. In addition, the Company will be faced with numerous competitors,both strategic and financial, in attempting to obtain competitive products. Manyactual and potential competitors we believe are part of much larger companieswith substantially greater financial, marketing and other resources than theCompany, and there can be no assurance that the Company will be able to competeeffectively against any of its future competitors. Deal Data

  • Where is WeWearables's headquarters?

    WeWearables's headquarters is located at 7 Whitford, Irvine.

  • What is WeWearables's latest funding round?

    WeWearables's latest funding round is IPO.

  • How much did WeWearables raise?

    WeWearables raised a total of $100K.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.