Overview

Raised to Date: Raised: $58,750

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Total Commitments ($USD)

Platform

Republic

Start Date

03/13/2023

Close Date

04/28/2023

Min. Goal

$25,000

Max. Goal

$367,177

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$16,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,277

# of Investors

27

Momentum

Funded

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Athyna

Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

San Diego, California

Business Type

High Growth

Company Website

Athyna, with a valuation of $16 million, is raising funds on Republic. The company has developed a global employment platform to hire, manage, and retain global talent. The platform is the one-stop shop for hiring talent, payroll, benefits, taxes, and sustainability of global teams. Athyna gives the users the ability to onboard and manage their contractors, hire full-time employees, and manage the performance of the employees. The company is profitable with a $4.2 million ARR and has reported a 15% month-over-month revenue growth for more than two years. Bill Kerr founded Athyna in November 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $367,177. The campaign proceeds will be used for sales and marketing, product and engineering, customer experience, operations, recruitment, and legal expenses.

Summary Profit and Loss Statement

	FY 2021	FY 2020
Revenue	$927,435	$223,541
COGS	$605,372	$118,350
Tax	$0	$0
Net Income	$-480,226	$30,497

Summary Balance Sheet

	FY 2021	FY 2020
Cash	$183,188	$38,349
Accounts Receivable	$29,391	$264
Total Assets	$233,244	$38,613
Short-Term Debt	$682,973	$8,116
Long-Term Debt	$0	$0
Total Liabilities	$682,973	$8,116

Financials as of: 03/13/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Athyna	04/28/2023	Republic	$16,000,000	$58,750	SAFE	Funded	RegCF
Athyna	01/31/2023	Wefunder	$20,000,000	$374,273	SAFE	Funded	RegCF

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The COVID-19 pandemic completely changed the landscape of remote work across the world. Suddenly, companies had to adjust to a work-from-home environment. Many of them struggled. However, three years later, most companies have embraced this remote environment — and demand for remote workers has skyrocketed.

Many companies are realizing there is a wealth of talent in other countries that can provide high-quality work at affordable prices. Athyna, a curated talent marketplace focused on placing remote workers from developing countries, is capitalizing on this opportunity.

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