Base8

Base8

Base8, with a valuation of $10 million, is raising funds on Republic. The company has developed a Bitcoin layer 3 solution that bridges centralized investing with decentralized utility. Base8 is simplifying bitcoin and crypto investing with the Satoshi denomination and integrating it for decentralized utility, including payments, swaps, and DeFi. The app is live on iOS and Android in 38 US states and 34 countries and has 31,000 people on the waitlist. Alexander Shapiro and Mohamed Saidi founded Base8 in March 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product design, management, and development, sales and marketing, infrastructure, bitcoin purchases, and working capital.

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Investment Overview

Raised this Round: Raised: $62,600

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
09/25/2024
Close Date
01/23/2025
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
New York, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Alexander Shapiro
Title
Chief Executive Officer
Founder Name
Mohamed Saidi
Title
Chief Strategy Officer

Financials

as of August 31, 2024
 Revenue
$0
 Monthly Burn
$17,360
 Runway
5 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-344,859

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$2,805

$0

Short-Term Debt

$527

$0

Long-Term Debt

$346,667

$0

Total Liabilities

$347,194

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$500,070
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/23/2025 Republic $10,000,000 $62,600 SAFE Active RegCF
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Add to portfolio
Base8 on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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Follow Base8 on Republic 2024

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