Altwork
About this raise
Altwork, with a valuation of $25 million, is raising funds on Republic. The company makes ergonomic workstations aimed to provide comfort and increase productivity. The Signature Series of Altwork workstations is gravity-defying and prioritizes movement and connection. Altwork has generated $9 million in lifetime revenues with a 50-80% profit margin per unit. Che Voigt and John Speicher founded Altwork in December 2010. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Invested : $224,648
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/02/2022
- Close Date
- 10/01/2022
$25,000
$1,070,000
$100
SAFE
Growth Stage
RegCF
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2010
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +14% YoY
- $2,934,527
- Monthly Burn
- $16,511
-
Runway
- 24+ months
- Gross Margin
- 50%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/01/2022 | Republic | $25,000,000 | $224,648 | SAFE | Funded | RegCF |