Overview

Raised to Date: Raised: $374,273

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/27/2022

Close Date

01/31/2023

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$16,000,000

Valuation Cap

$20,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/04/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$2,001

# of Investors

165

Momentum

Funded

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Athyna

Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

San Diego, California

Business Type

High Growth

Company Website

Athyna, with a valuation of $20 million, is raising funds on Wefunder. 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 bootstrapped to $2.9 million ARR and has reported a 17% month-over-month revenue growth for two years. Bill Kerr founded Athyna in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales and marketing, product and engineering, recruitment, and operations.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$927,435	$223,541
COGS	$605,372	$118,350
Tax	$0	$0
Net Income	$-480,226	$30,497

Summary Balance Sheet

	Most Recent Year	Prior Year
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: 07/27/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Athyna	04/27/2023	Republic	$16,000,000	$58,750	SAFE	Funded	RegCF
Athyna	01/30/2023	Wefunder	$20,000,000	$374,273	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

Athyna is riding remote hiring trends with a global employment platform that spans across borders. Its network largely tailors to American startups tapping into talent in Latin America and South America, where cost of living is lower but time zones are consistent with American companies.

Buy the Full Report

Athyna Founder Bill Kerr on Building a Strong Brand and Culture

Telecommuting has become increasingly popular in the last few years, opening up more opportunities for work that aren’t limited by geography. With that has come the challenges of running remote businesses — sourcing talent in the ever-expanding market, managing payroll and taxes… not to mention the challenge of keeping business practices sustainable. 

Athyna has become a one-stop shop for hiring global talent, as well as managing the other aspects of remote business like payroll, benefits, and taxes. The company has also made a sustainability pledge. We got in touch with founder and CEO Bill Kerr to learn about his team, the company’s commitment to making an impact, and future goals for Athyna.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview