ASTRALABS

ASTRALABS

Growth Stage

The Global Portfolio of Startups

The Global Portfolio of Startups

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/24/2021

Close Date

03/17/2021

Min. Goal
$100,001
Max. Goal
$1,069,998
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.75

Pre-Money Valuation

$69,300,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$20,980

# of Investors

840

Momentum
Funded
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Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Austin, Texas

Business Type

Growth

ASTRALABS, with a pre-money valuation of $69.3 million, is raising crowdfunding on Wefunder. The company is building the infrastructure for the startup and investor ecosystem. It helps in building the teams from the ground up and utilize their technology to develop and scale quickly. Andrew Ryan founded ASTRALABS in 2016 and has raised over $4.3 million since the inception. The proceeds of the current crowdfunding raise, with a minimum target of $100,001 and a maximum target of $534,999, will be used for marketing, advertising, technology development, and revenue-generating activities. ASTRALABS has a global startup portfolio of over $100 million across 20 verticals and 35 countries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$761,080

$38,380

COGS

$12,964

$0

Tax

$0

$0

 

 

Net Income

$-840,635

$-2,172,231

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,280

$208,182

Accounts Receivable

$147,438

$0

Total Assets

$305,238

$226,479

Short-Term Debt

$297,233

$132,594

Long-Term Debt

$1,364,202

$599,461

Total Liabilities

$1,661,435

$732,055

Financials as of: 01/24/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ASTRALABS 11/11/2021 Wefunder $119,000,000 $626,458 Equity - Preferred Funded RegCF
ASTRALABS 03/16/2021 Wefunder $69,300,000 $1,070,000 Equity - Preferred Funded RegCF
ASTRALABS (previously Newchip) 12/08/2020 Self Managed $28,000,000 $374,585 Equity - Common Funded RegD 506(b)
Newchip 10/04/2018 Wefunder $15,000,000 $647,915 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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ASTRALABS on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $69,300,000
Price per Share: $2.75

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