abillion

Growth Stage

Social commerce platform that helps people shop sustainably

Overview

Raised to Date: Raised: $329,259

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/13/2023

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$65,000,000

Valuation Cap

$72,500,000

Discount

15%

Venture Capital Investors:

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

34

% of Min. Goal

659%

% of Max. Goal

27%

Likelihood of Max
unlikely
Avg. Daily Raise

$7,840

# of Investors

192

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Company Website

abillion, with a valuation of $72.5 million, is raising funds on Wefunder. The company has developed a social commerce platform that helps people shop sustainably. The social marketplace is focused on building a cleaner and fairer planet by inspiring the power of community, content, and commerce and enabling users to shop and discover eco-friendly businesses. abillion has over 4,700 customers and more than 2.5 million consumer reviews of vegan products. Vikas Garg founded abillion in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for business development and growth, product development, brand marketing, and expanding monetization.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$11,881

$1,449

COGS

$5,597

$0

Tax

$0

$0

 

 

Net Income

$-4,025,487

$-2,363,937

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,207,647

$1,958,794

Accounts Receivable

$0

$0

Total Assets

$4,332,358

$2,065,435

Short-Term Debt

$246,924

$319

Long-Term Debt

$0

$5,371,983

Total Liabilities

$246,924

$5,372,302
Financials as of: 02/13/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Are you the founder of abillion? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
abillion on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $72,500,000

Follow company

Follow abillion on Wefunder 2023
View on Wefunder
Deal Analytics
Company Ratings