NAQI Logix
Raising nowOperatingNaqi Logix Inc.
Biotech · Vancouver
With $9.6M already raised, a $1.2M government contract, 27+ patents, selected as one of TIME’s “Best Inventions of 2023,” and the recipient of the 2024 Edison Award Gold Medal for Social & Cultural Impact, Naqi Logix is a pre-market company and we believe is leading the charge in wearable technology by allowing users to control their devices effortlessly—without speaking, touching, or even looking.
This company has an open fundraising round.
Financials
FY2020–FY2025 · from SEC filings · hover any figure for its sourceFigures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Pre-money — the valuation set before each round’s money came inBlue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.
Share price over rounds
Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.
Cap table
Share counts as of Jun 26, 2026| Class | Outstanding | Votes / share | Share of total | Votes | Last price |
|---|---|---|---|---|---|
| Common Shares | 52,732,128 | none | 100.0% | — | $2.61Jul 2026 |
Shares outstanding over timein today's share terms
Changes in named holdersshares in today's terms · % of all shares at the time
- 0711626 B.C. Ltd.7.2M (14.2%) Nov 2023 → 4.4M (8.45%) Apr 2026 → 7.1M (13.4%) Jun 2026
Principal holders% as the filing states it, Jun 26, 2026
- 0711626 B.C. Ltd.7,054,401 Common Shares14.0%of
Sold to the crowd
- Reg A+ · Mar 20222,101,819 Voting Common Shares at $2.00$4.2M
- Reg A+ · Nov 2024310,310 Voting Common Shares at $2.61$809.9K· 443 investors
From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.
Fundraising history
Team
17 people
Dave Segal, founder of Naqi Logix, has 10+ years of experience in Brain-Computer Interfaces (BCIs) and holds 26 patents across multiple regions. Under his leadership, Naqi Logix earned honors from TIME, CES, and the Edison Awards. Dave, a Harrisburg University faculty member and TEDx speaker, pioneers neural interface technologies for transformative accessibility and innovation.
Mark, a non-practicing lawyer turned serial entrepreneur, has co-founded billion-dollar biotech firms ID Biomedical and Angiotech. As Chairman/CEO of Exro Technologies and Shackelford Pharma, he drives innovations in EV efficiency and endocannabinoid treatments. Mark, a McGill law graduate, co-founded Mojio and Code Zero, advancing connected cars and developer tools.
Gary, a wireless industry pioneer with 30+ years of experience, has led innovations in satellite CDNs, consumer media gateways, and connected car platforms. A former lead Board director at Mojio and founder of Synthesis Works, he also led global teams at AirTouch, securing wireless licenses and joint ventures in Europe and Asia.
Sandeep, Naqi's Chief Business Officer, brings 20+ years of experience in tech, specializing in strategy, market expansion, and partnerships. Formerly a senior director at Samsung, he enhanced global revenue streams. An MBA from IMD and IIT alumnus, he holds seven patents and is a Six Sigma Green Belt. Sandeep drives growth and innovation at Naqi.
Xavier Wenzel, Naqi Logix's CFO, has 25+ years of experience in audit, tax, and financial reporting under IFRS and US GAAP. A CPA in British Columbia and former principal at Fehr & Associates, he specializes in complex accounting for public companies. Fluent in Spanish and English, Xavier studied at ITAM in Mexico and earned his CPA designation in Canada.
Amar, co-founder and managing director of Smart Rotomac, leads a 600-person R&D firm in Hyderabad that specializes in hardware and software solutions across industries, including wearables. With 20+ years of experience leading Motorola’s Iridium handset team, Amar holds an MS in Computer Engineering (IIT Chicago) and an MBA (University of Wisconsin, Madison).
Darcy O’Grady, a seasoned HR executive with 30 years of experience, has held senior roles in tech, engineering, and life sciences, scaling startups to global ventures. A CPHR in Canada and the USA, he holds an economics degree and certifications from BCIT and Harvard. Founder of the BC HR Tech Group, he received the CPHR BC Award for Professional Excellence.
Jami Lah, founder of FutureXI and TEDxOnBoard, has 20+ years of building global strategic partnerships in real estate, tech, and startups. She launched the first Chinese-American Startup Competition in Silicon Valley and produced TEDx events that were viewed millions of times. Jami connects leaders to amplify transformative ideas in sustainability, health, and emerging technologies.
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Dr. Rodney Sappington, an AI and machine learning expert with 20+ years of experience, has revolutionized early disease detection, drug discovery, and nanomaterial manufacturing. Known for deep learning in healthcare and AI safety, he develops platforms addressing global challenges like clean water and space exploration. Dr. Sappington advocates for human-centered AI innovation.
Zavier, a product design leader with 12+ years in biosensors and wearables, led NeuroSky's design of the first consumer EEG headsets, fostering a 100+ app ecosystem. He has collaborated with Softbank, Mattel, and Stanford on integrating advanced biosensors into innovative products. Zavier holds a BFA in Industrial Design from the Academy of Art University.
Dr. Sushmee, an Associate Professor at IIT Hyderabad, specializes in wearable electronics, sensors, and supercapacitors. She has 130+ research articles, five book chapters, and funding from DST India, ISRO, and others. A recipient of prestigious awards, she is also an Associate Editor for leading journals, including IOP Flexible Electronics and Springer Applied Nanoscience.
John, founder of Wheelhouse Partners, is a second-generation venture capitalist with 20+ years of experience in venture capital, enterprise software, and sales. Formerly at Relay Ventures and Woodside Fund, he helped launch Netscape's IPO. John chairs the Early Stage Venture Capital Alliance and holds an MBA and BA from UC Berkeley. He is based in Menlo Park, CA.
Lee is a dynamic leader with expertise in identifying business opportunities and building teams to deliver results. He has founded seven startups, developed platforms that have saved $100M, and closed multimillion-dollar deals globally. With experience in AI, SaaS, IoT, and more, Lee excels in product development, customer engagement, and financial management across industries.
Dr. Zasler, Founder and Medical Director of Concussion Care Centre of Virginia and Tree of Life, is a leading expert in brain injury medicine. He is board-certified in PM&R and has authored 200+ articles, edited eight textbooks, and led journals like Brain Injury. An advocate, researcher, and clinician, he advances neurorehabilitation, chronic pain management, and medicolegal consultation.
Robb, VP of User Experience at Oracle Cloud Infrastructure, leads a team of 225+ engineers and designers, enhancing global user experiences. With 20+ years in UX leadership, he has driven growth at SAP Concur and worked with brands like Starbucks, Microsoft, and DocuSign. Robb holds a Master’s in Human Design and Engineering from the University of Washington.
Sam Sullivan, a Member of the Order of Canada, is a former Mayor of Vancouver and MLA for Vancouver False Creek. Founder of the Sam Sullivan Disability Foundation, he has improved the lives of 10,000+ disabled individuals, co-inventing the TrailRider and pioneering adapted sailing. A leader in civic policy and accessibility, Sam has raised $20M for disability initiatives.
Names and titles as disclosed on StartEngine, SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.
SEC filings
View all 34 filings on EDGAR- Form 1-UAug 21, 20260001213900-26-092316EDGAR
- Form 1-UAug 11, 20260001213900-26-087502EDGAR
- Form 1-UJul 10, 20260001213900-26-076922EDGAR
- Form QUALIFJul 6, 20269999999994-26-000131EDGAR
- Form 1-UJun 29, 20260001213900-26-072860EDGAR
- Form 1-A/AJun 26, 20260001213900-26-072440EDGAR
- Form 1-UJun 11, 20260001213900-26-067557EDGAR
- Form 1-UJun 1, 20260001213900-26-063181EDGAR
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.