Ascend

Ascend

Closed: Jan. 2024

About this raise

Ascend is raising funds on Wefunder. The real estate company uses a data-driven approach to sourcing homes at a lower price than market value. The Ascend portfolio offers renters an opportunity to become part owners of a collection of homes to align their interests with landlords and create a mutually beneficial relationship. Currently, the Ascend portfolio consists of six homes, five of which were acquired at a 20% discount off the market price. Florian Schmitz and Kenneth Luna founded Ascend in June 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used to continue to expand the portfolio of homes and repay money advanced by the manager to purchase homes.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
07/14/2023
Close Date
01/21/2024
Min. Goal
$100,000
Max Goal
$500,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$101,100

Company & Team

Company

Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
WILMINGTON, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Florian Schmitz
Founder Name
Kenneth Luna

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
Profitable
 Cash on Hand
$564,551
Gross Margin
56%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$12,868

$0

COGS

$5,637

$0

Tax

$0

$0

 

 

Net Income

$1,046

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$564,551

$0

Accounts Receivable

$0

$0

Total Assets

$1,168,422

$0

Short-Term Debt

$0

$0

Long-Term Debt

$159,040

$0

Total Liabilities

$159,040

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,582,523
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/21/2024 Wefunder $101,100 $0 Equity - Common Not Funded RegCF
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Add to portfolio
Ascend on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $101,100
Price per Share: $1.00

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Follow Ascend on Wefunder 2023

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

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