Ascend
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.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2023
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $0
- Monthly Burn
- Profitable
- Cash on Hand
- $564,551
- Gross Margin
- 56%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
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 |