[Closed for Investment] 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.
Investment Overview
Raised: $58,750
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 03/13/2023
- Close Date
- 04/28/2023
$25,000
$367,177
$100
SAFE
Seed
RegCF
$16,000,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +315% YoY
- $927,435
- Monthly Burn
- $40,019
-
Runway
- 4.6 months
- Gross Margin
- 35%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $250,903
- VC Backed?
- Yes
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
Company Updates
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.