Areto Labs

Areto Labs

Early Stage

Track, moderate and counteract comments in your social media communities

Track, moderate and counteract comments in your social media communities

Overview

Raised this Round: Raised: $53,520

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/31/2023

Close Date

06/14/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

15%

Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

MIDDLETOWN, Delaware

Business Type

High Growth

Areto Labs, with a valuation of $5 million, is raising funds on Wefunder. The company aims to make social media communities more positive and inclusive through mediation. The platform tracks, moderates, and counteracts hate comments online so that companies can grow and diversify their market, along with showcasing their values. Areto Labs is currently actively working with seven prominent companies in the sports industry and has reported a 40% month-over-month user growth. Lana Cuthbertson, Kasey Machin, and Jacqueline Comer founded Areto Labs in April 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for salaries, hiring, technology and cloud costs, and sales and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$237,258

$277,751

COGS

$107,271

$35,970

Tax

$0

$0

 

 

Net Income

$-551,979

$15,824

Summary Balance Sheet

FY 2022 FY 2021

Cash

$325,819

$51,345

Accounts Receivable

$52,444

$75,676

Total Assets

$378,263

$127,021

Short-Term Debt

$939,670

$132,423

Long-Term Debt

$0

$0

Total Liabilities

$939,670

$132,423

Financials as of: 05/31/2023
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Areto Labs 06/14/2023 Wefunder $5,000,000 $53,520 SAFE Funded RegCF

No prior online funding rounds.

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Areto Labs on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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