Athyna (2023)
About this raise
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.
Investment Overview
Invested : $374,273
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/28/2022
- Close Date
- 01/31/2023
$50,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$16,000,000
$20,000,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +3% YoY
- $927,435
- Monthly Burn
- $40,019
-
Cash on Hand
- $183,188
- Gross Margin
- 35%
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Analyst Report
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.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Founder Interview
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.
