Avenify (2019)

Avenify (2019)

About this raise

Avenify is raising funds independently through Reg D 506(b) crowdfunding. The company is revolutionizing the student financing market as a marketplace lending platform for Income Share Agreements. Avenify helps the students fund their education through ISAs rather than traditional loans. By doing so, students do not need to pay interest on loans; instead, they share a fixed percentage of their income with the company for a stipulated period of time. Justin Potts and Timo Sheridan founded Avenify in July 2018. The current crowdfunding campaign has a minimum target of $1,000 and a maximum target of $98,500. The campaign proceeds will be used for salaries to the management team.

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Investment Overview

Invested this round: $98,500

Deal Terms

Platform
Self Managed
Start Date
01/25/2019
Close Date
10/01/2019
Min. Goal
$1,000
Max Goal
$98,500
Min. Investment

$1,000

Security Type

SAFE

SEC Filing Type

RegD 506(b)    Open SEC Filing

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
Reston, Virginia
Company Website
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Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2020 Republic $4,000,000 $301,909 SAFE Funded RegCF
10/01/2019 Self Managed - $98,500 SAFE Funded RegD 506(b)
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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

Employee History

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Avenify on Self Managed 2019
Platform: Self Managed
Security Type: SAFE

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