Bee (previously Bee Mortgage App)

About this raise

Bee, with a valuation of $15 million, is raising funds 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. Curtis Wood, Cynthia Wood, Kristin Scheurer, Holly Davis, Matt Offers, Munir Valiani, Suzanne Bearry, David Braun, and Dwight Skyers founded Bee in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3,810,000. The campaign proceeds will be used for product development, advertising, operations, and hiring.

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Investment Overview

Invested this round: $490,500

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/12/2022
Close Date
08/19/2022
Min. Goal
$50,000
Max Goal
$3,810,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Jacksonville, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Curtis Wood
Title
CEO
Founder Name
Cynthia M Wood
Title
COO
Founder Name
Matt Offers
Title
CPO

Financials

 Revenue
$0
 Monthly Burn
$91,019
 Runway
5.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$-2,510

$12,500

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,092,224

$-374,690

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$493,407

$111,671

Accounts Receivable

$0

$0

Total Assets

$543,407

$212,371

Short-Term Debt

$21,668

$4,489

Long-Term Debt

$1,686,723

$285,522

Total Liabilities

$1,708,391

$290,011

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,659,944
Grants
$10,000
VC Backed?
No
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
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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Bee on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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