Bee (previously Bee Mortgage App)
Early Stage
By Mortgage Pros for Generation Mobile | $3.4 Trillion Market
Overview
Raised: $490,500
Total Commitments ($USD)
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
Series A
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,955
# of Investors
534
Momentum
Funded
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Year Founded
2019
Industry
Real Estate & Construction
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 05/12/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| 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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