Areto Labs
About this raise
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.
Investment Overview
Invested : $53,520
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/31/2023
- Close Date
- 06/14/2023
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$5,000,000
15%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -14.6% YoY
-
$237,258
as of FY2022
- Monthly Burn
-
$45,998
as of FY2022
-
Runway
-
7.1 months
as of FY2022
- Gross Margin
-
55%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,016,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/14/2023 | Wefunder | $5,000,000 | $53,520 | SAFE | Funded | RegCF |