Allthenticate

Allthenticate

Closed: Apr. 2021

About this raise

Allthenticate, a technology company, is raising funds on Wefunder. The company is building an all-in-one smartphone-based solution for all the physical and digital authentication needs. The users will get to interact with the world without the need to worry about their cards, keys, and passwords. Chad Spensky, Evan Blasband, and Rita Mounir founded Allthenticate in 2019 and have raised over $650,000 since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for payroll expenses for interns and full-time employees. Allthenticate system is highly secure and eliminates an entire class of cyberattacks. The company is the first to merge digital and physical access control without compromising security and usability.

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Investment Overview

Invested this round: $161,758

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/14/2020
Close Date
04/30/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$250

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Goleta, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Chad Spensky
Title
CEO
Founder Name
Rita Mounir
Title
COO
Founder Name
Evan Blasband
Title
CTO

Financials

 Revenue
$1
 Monthly Burn
$306
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,674

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Wefunder - $161,758 SAFE Funded RegCF
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Allthenticate on Wefunder
Platform: Wefunder
Security Type: SAFE

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Warning: according to the close date for this deal, Allthenticate may no longer be accepting investments.

Allthenticate Deal Report

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