Bee Mortgage App (2021)
About this raise
Bee Mortgage App, with a valuation cap of $12 million, is raising crowdfunding on Wefunder. The modern app, backed by a team experienced in lending, blockchain, and mobile application development, manages the entire loan process from start to end over the mobile interface. The patent-pending automation framework of the Bee Mortgage App focuses on decentralized data validation protocols and provides access to home loans 24/7. Bee Mortgage App was founded by Curtis Wood, Cynthia Wood, Kristin Scheurer, Holly Davis, Matt Offers, Munir Valiani, Suzanne Bearry, David Braun, and Dwight Skyers in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $769,600, and the funds will be used towards product development, advertising and traction, and operations. Bee Mortgage App is the only mobile mortgage app built on blockchain, with patent-pending technology and up to three times loan production capacity.
Investment Overview
Invested : $1,180,742
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/23/2020
- Close Date
- 09/30/2021
$50,000
$1,200,000
$100
SAFE
Early Stage
RegCF
$8,000,400
$12,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Bee (previously Bee Mortgage App) | 11/30/2024 | Wefunder | $7,500,000 | $121,063 | SAFE | Funded | RegCF |
| Bee (previously Bee Mortgage App) | 08/19/2022 | Wefunder | $15,000,000 | $490,500 | SAFE | Funded | RegCF |
| Bee Mortgage App | 09/30/2021 | Wefunder | $12,000,000 | $1,180,742 | SAFE | Funded | RegCF |
| Bee Mortgage App | 11/18/2020 | Fundopolis | $5,000,000 | $298,450 | Equity - Common | Funded | RegCF |
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.