About the offering
My name's MJ Gottlieb, and I'm the Co-Founder of Loosid. I have been sober since March 21, 2012 but began my first attempt at sobriety in the late 1990’s. I was fortunate enough to have lost everything. I crawled back into the recovery rooms and said the three words no addict wants to say, “I need help.” It’s no coincidence that the three words no one wants to say is the same three words that will save their life. Recovery is like a glass of water. If you come in with dirty water, there is no room for clean water to come in. The only thing to do is empty your cup. In 2017, my dear friend Zhanna (Basina), whose entire family has been ravaged by addiction, was looking at acquiring treatment centers & I was helping her in an advisory capacity. Looking at the sheer volume of people struggling, I felt that even if we were to open up 1,000 treatment centers, we would be putting inch-long band aids on an ever-growing global wound. With 300M+ suffering from alcohol use disorders worldwide and 95M+ suffering from substance use disorder (US alone) we needed to come up with a better solution to connect all those people struggling and provide the resources they need to get help. Quite frankly, the statistics are STAGGERING. We needed to dream bigger. What's more, we needed to connect with people through the one thing nearly everyone has... their phones. And hence Loosid was born. What is Loosid? Loosid is the most comprehensive sobriety app currently available in the market. Loosid App is a self-funded startup providing a comprehensive, free application for anyone interested in living a sober life. Loosid provides those struggling with sobriety the virtual help and support they need (community and professional). The vast majority of our 145,000+ members are in recovery or actively seeking help with treatment of their addiction. It’s our duty to give those fighting addiction the opportunity to maintain their sobriety. (1) Consumer-facing app: (2) B2B SaaS product for Treatment Centers: Loosid's newest technology, SAM - Sobriety & Addiction Mentor™, creates a seamless experience once leaving treatment. Through emotional recognition and programmatic touchpoints, SAM’s™ interactive 365+ day journey provides treatment facilities full, measurable visibility by integrating a comprehensive backend admin control panel for daily post-care and alumni tracking. Additionally, users can create a network of alumni, staff and important contacts on their personalized dashboard, encouraging engagement and retention. Loosid is committed to saving lives by providing ever evolving sober support. Getting buzz without being buzzed We have great early traction. After developing our initial MVP, we think the most important thing we did is LISTEN TO OUR MEMBERS, as reflected in our customer reviews. We are strong believers that we should never build a product that we like or want. We need to build a product that our customers want. As a result of our growth and our impact, we've received significant accolades, and attention in the press. We've been featured in the Wall Street Journal, the New York Times, Forbes, Good Morning America, Reuters, Mashable, Fast Company and many more publications and media outlets. In 2020, we were honored to be named Fast Company’s Annual List of the World’s Most Innovative Companies for 2020, #5 in the Social Media category. Not to brag, but here are some of the awards we've won. And we're just getting started! #5 Fast Company Most Innovative Companies (Social Media Category) 2019 PRNEWS Platinum PR Awards Finalist for the "Best Launch - Consumer" 2019 Webby Award Finalist - Lifestyle Category 2021 Very Well Mind - Best Sobriety and Recovery App Our Mission. Your money. This is not just a cute shirt. Our mission is to be backed by the sober community and all who choose to support us. You will not find a startup team that is more passionate about, and dedicated to, our mission -- of helping millions of people to get sober and stay sober. As a result, our team at Loosid is 100% committed to keeping the community section of Loosid free for our users... FOREVER. Over the coming months and years, we will monetize through three primary strategies: (1) Loosid Dating (2) Loosid B2B platform for Treatment Centers - Meet SAM™! (3) (Tasteful!) Advertising (1) Loosid Dating Despite only a small percentage of our focus being on dating up until this point, Loosid dating activity shows the incredible need to expand our dating growth model NOW. In the past 60-days, Loosid retained market leader Moburst Mobile, to provide an independent audit of Loosid’s sober dating business model. A full analysis was done of what it would take in order to generate enough revenue to reach cash flow positive. The full report is available here. The market for online dating has been exploding over the last few years, industry analysts have forecast the market to grow to $5 billion by 2025. The popularity of "targeted" dating apps like Christian Mingle, Farmers Only, Glimmer, Jdate and Muzz demonstrate the huge potential in our sobriety-focused community and approach. (2) Loosid B2B platform for Treatment Centers - Meet SAM™! The global treatment industry is expected to grow by more than $10 billion by 2025. If Loosid community membership and usage can improve treatment outcomes by even a tiny percentage, this is hugely valuable for treatment centers... ...And also, employers. SAM provides treatment centers with the solution for post-care alumni tracking. (3) (Tasteful!) Advertising We have only just recently begun to dip our toes into the advertising waters. We see advertising as a significant future revenue stream for Loosid. That being said, everything we do must not only not disrupt the user experience but add value to it. Such as our most recent brand activation with Soberlink the most reputable alcoholic monitoring device company in the world. Loosid believes a major part of its success will come from its relationships with local businesses. In creating a valuable and relevant experience for our members, our objective is to connect them with businesses that align with our core tenet - SOBER FUN! With sobriety becoming an emerging lifestyle choice, Alcohol Free beverages, like mocktails, have seen an unprecedented rise in popularity. Further advertising opportunities, include an array of Boozeless Guides, including non-alcoholic drinks, restaurant guides and sober events! Join us! This is the first outside capital we've raised to build Loosid. Up until this point, our founders have invested $5M+ of our own money. We are currently raising $1.235M.
FAQ
How much has Loosid App raised?
Loosid App has raised $413,616 of a $750,000 goal.
Where is Loosid App's campaign listed?
The offering is listed on Wefunder, an SEC-registered Reg CF intermediary.
What are the terms of Loosid App's raise?
SAFE, $24M cap.
When does Loosid App's offering close?
The stated close date is Aug 25, 2025.
