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Altwork isn't accepting new investments

Altwork’s deadline was October 1, 2022

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Logo of Altwork

Altwork

Welcome the seismic shift to hybrid/remote work with a modern workstation
Software B2C
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Featured image of Altwork
$224,615
Raised
296
Investors
Successfully funded and closed on October 1, 2022.
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Closed on October 1, 2022. Information may not be up-to-date. Campaign closed on October 1, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SV Tool Corp. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Altwork Crowd SAFE Altwork Form C:A.pdf Altwork Form C.pdf
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Hear from some of the 296 people reserved or invested in Altwork


Show more

Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
$5M+ raised
Company has previously raised over $5M in capital
Notable angel backing
Company is backed by a notable angel investor
Power Founders
Founders previously exited or operated a large business
Venture-backed
Company is backed by a venture capital firm
  • Founding team built and exited company where investors made 77% IRR
  • $9M+ in lifetime revenue on product with 50-80% profit margin per unit
  • Ultra-profitable TAM of WFH professionals needing flexible workstations
  • Comprehensive set of accessories adds additional revenue streams
  • Multiple patents in the US, EU, and Japan
  • Featured in WSJ, People Magazine, Daily Mail, Wired, Mashable, and more

Problem


Mainstream workstations debilitate our minds & bodies

Sitting is the new smoking, and sedentary work increases the risk of both chronic illnesses and premature death—reducing worker wellbeing and productivity, and increasing healthcare spending.

The future of work has changed indefinitely, with 45% of the US workforce working remotely. These professionals are seeking new ways to stay healthy, connected, and productive at home, creating a surge in need for ergonomic solutions that promote movement, wellness, and human connection.

Solution


Solving a critical need for ergonomic workspaces

Did you know the average career consists of approximately 80,000 hours spent working?

Well, we spent 80,000 hours engineering and designing an artful, sleek workstation that puts humans where they should be—at the center of their computing experience.

Altwork’s Signature Series was designed around you—your comfort, your experience, your productivity. Now you can do world-changing work without breaking your body in the process.

Product


Gravity-defying workstation prioritizes movement & connection

Our aerospace-engineered, all-in-one office solution contours to your body with your screen and desk moving seamlessly around you. Magnetic mousepad, monitors, and other accessories stay attached and usable even as the desk moves from standing to sitting to fully reclined.

Long gone are distracting discomforts brought on by hours of sitting or standing. Immersed in a relaxing sensation of weightlessness, your brain can finally do the work it was meant to do.

—
TruVue video conference station
enables real human connection

With TrueVue™, we’re redefining the video conference experience and narrowing the gap between our physical and digital selves—for an instant, genuine, in-the-same-room connection.

Traction


$9M+ in lifetime revenue with 50-80% margin per unit

Remote professionals are beyond ready for a workstation that prioritizes their comfort and wellbeing. This puts Altwork squarely at the center of a rapidly growing market encompassing an ultra-profitable segment of individuals needing high-end office furniture that empowers comfort.


1200+ Altwork stations in use


                                     $9M+ in Lifetime Revenue


                          Last company investors made 77% IRR


                        Multiple patents in the US, EU, and Japan


Customers


For the focus, achievement, & wellness of professionals

Our bodies hurt from years of sitting at our desks, and for many of us, it’s hard to stay motivated and focused working from home. In addition to chronic back pain and fatigue from prolonged sitting, it’s easy to feel isolated and unwell when even our human interactions take place on our screen.

More so than ever, the world is ready to move beyond obsolete work setups that constrain our creativity and diminish our health. Altwork is a better way to work, and we have the testimonials to prove it.

Business model


A simple, flexible
& profitable D2C model

We’re proud to have been called the “Tesla of desks.” Altwork products are seen as so much more than just a table and chairs—our customers are obsessed with how the ergonomic setup empowers them to have a long and healthy career. For some Altworkers, our products are the only way they can work a full day without pain. 

Our obsessively customer-focused model is already profitable. We have a proven capacity to sustainably develop, sell, ship, and support our products. We use customer feedback to improve our products and expand our offering to meet their changing needs, further increasing revenue and brand loyalty to Altwork. 

Market


We’re supporting the seismic shift to hybrid work

With pre-pandemic work structures likely to become a relic of the past, hybrid work—spending time both working at the office and from home—is growing for digital workers, and this is just the beginning of a massive shift in how we work.

Competition


Unique, patented innovation nurtures industry leadership

Other high-tech workstations on the market offer a fraction of the Altwork Station’s capabilities at up to triple the price.

But our main competition isn’t other high-tech workstations—they don’t even compare. No, it’s this damaging, all-pervading work ethic: if you ain’t hurting, you ain’t working. After centuries of believing the measure of success is how much our backs ache, the Altwork level of comfort seems almost illegal.

Vision and strategy


Putting comfort & wellness at the forefront

We believe that better work comes from finding better ways to work. With our line of workstations, we’re fulfilling our commitment to provide workers with the freedom and movement necessary to stay healthy, focused, and productive—at a time when the world needs it most.

Funding


$5.6M already raised from angel investors

Investors include transformational VC firms Black Diamond Ventures and North Bay Angels, along with our customers-turned-investors: Chris Larsen, co-founder of blockchain company Ripple and lending marketplace Prosper, and Stefan Thomas, founder and CEO of web monetization tech Coil, and co-creator of open-source payment suite InterLedger.

Founders


Expert team
with multiple exits

Deal terms


Funding range
$25K / $1.07M
100% of $25K minimum offering amount has been reached.

Altwork needs to raise $25K before the deadline. The maximum amount Altwork is willing to raise is $1.07M.
Learn more
Security type
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
Conversion Price
$1.9314
Implied Valuation at Conversion
25,000,000

The implied valuation of the company based on the SAFE's conversion price and the company's fully diluted capitalization as of 03.01.22

Minimum investment
$100
The smallest investment amount that Altwork is accepting.
Learn more
Maximum investment
$107K
The largest investment amount that Altwork is accepting.
Learn more
Deadline
October 1, 2022

Altwork needs to reach their minimum funding goal before the deadline (October 1st, PST). If they don’t, all investments will be refunded.

Learn more

Nominee Lead
Chief Executive Officer of the Company (currently Che Voigt)
How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Altwork.
Invest
$500
Receive
  • $100.00 Altwork Store Credit
Invest
$1,000
Receive
  • $200.00 Altwork Store Credit
Invest
$2,500
Receive
  • $500.00 Altwork Store Credit
Invest
$5,000
Receive
  • $750 in store credit.
  • Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).
Invest
$10,000
Receive
  • $2,000.00 Altwork Store Credit.
  • Plus Invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).
Invest
$20,000
Receive
  • Flex Station with delivery in the contiguous US.
  • Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).
Invest
$30,000
Receive
  • Signature Station with delivery in the contiguous US.
  • Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).
Invest
$50,000
Receive
  • Let us design the Ultimate Home Office Solution for you including a Signature Station with TruVue within the contiguous US.
  • Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

About Altwork

Legal Name
SV Tool Corp
Founded
Dec 2010
Form
California Corporation
Employees
5
Website
altwork.com
Social Media
Headquarters
Google Map location of of Altwork
400 Breezewood Dr , Geyserville, CA
Headquarters
400 Breezewood Dr, Geyserville, CA, United States 95441

Altwork Team
Everyone helping build Altwork, not limited to employees

Profile picture of Che Voigt
Che Voigt
CEO & Co-Founder
Profile picture of John Speicher
John Speicher
CTO & Co-Founder
Profile picture of Kelly Graves
Kelly Graves
CFO
Profile picture of Matt Vallotton
Matt Vallotton
Director of Engineering & Fulfillment
Profile picture of Lindsay Musco
Lindsay Musco
Marketing Coordinator
Profile picture of Pete Harrison
Pete Harrison
Performance Marketing Advisor
Profile picture of Beth  Gumm
Beth Gumm
Strategy Advisor
Profile picture of Jessica Farron
Jessica Farron
Brand Advisor
Profile picture of Jen Howell
Jen Howell
Supply Chain and Operations Advisor
Profile picture of Jeff Ward
Jeff Ward
Director of Customer Relations
Profile picture of Johnny Helela
Johnny Helela
Assembly Technician
Profile picture of Ashley Rider
Ashley Rider
Fulfillment Coordinator
10 more team members
Che Voigt
CEO & Co-Founder
John Speicher
CTO & Co-Founder
Kelly Graves
CFO
Matt Vallotton
Director of Engineering & Fulfillment
Lindsay Musco
Marketing Coordinator
Pete Harrison
Performance Marketing Advisor
Beth Gumm
Strategy Advisor
Jessica Farron
Brand Advisor
Jen Howell
Supply Chain and Operations Advisor
Jeff Ward
Director of Customer Relations
Johnny Helela
Assembly Technician
Ashley Rider
Fulfillment Coordinator

Press

There Is Now a Lay-Down Desk That Lets You Work Horizonta...
PEOPLE.com
·
Nov 30, 2021

You've heard of the stand-up desk and maybe even the treadmill desk. Now there's a "zero-gravity" desk that lets you lay ...

What Will Replace the Desk?
WSJ
·
Jan 13, 2021

With remote work expected to become more common and office spaces set to be redesigned for more collaboration, it may be ...

I tried a $7,600 desk that lets you get horizontal at work
Mashable
·
Jan 14, 2020

It's prime cold and flu season, which means many of us are at home re-familiarizing ourselves with the workstation known ...

I will dream of this $5,900 reclining work station for th...
The Verge The Verge
·
Jan 9, 2017

There are work stations, and then there is Altwork. The company, which manufacturers elaborate reclining desk-chair combo...

Logo of Altwork

Altwork

Altwork successfully raised $224,615 from 296 investors on October 1, 2022
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Steven, Moraima, Kevin, Daniel, Pamela, and 291 others invested. 60 Reviews
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