Bee (previously Bee Mortgage App)

Bee (previously Bee Mortgage App)

Early Stage

Uber, blockchain & AI had a mortgage baby

Uber, blockchain & AI had a mortgage baby

Overview

Raised this Round: Raised: $96,738

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/16/2024

Close Date

04/30/2025

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,750,000

Valuation Cap

$7,500,000

Discount

20%

Year Founded

2019

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Jacksonville, Florida

Business Type

High Growth

Bee, with a valuation of $7.5 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. Bee’s patent-pending automation framework focuses on decentralized data validation protocols and provides access to home loans 24/7. The app is focused on innovation and has been featured in the Washington Post, TD Ameritrade TV, Housingwire, and Business Insider. Curtis Wood, Cynthia Wood, and Matt Offers founded Bee in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product development, advertising and traction, operations, hiring, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$84,886

$20,732

COGS

$833

$10,860

Tax

$0

$0

 

 

Net Income

$-65,615

$-1,386,022

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,501

$1,308

Accounts Receivable

$0

$0

Total Assets

$1,501

$1,308

Short-Term Debt

$283,237

$257,429

Long-Term Debt

$2,329,884

$2,294,884

Total Liabilities

$2,613,121

$2,552,313

Financials as of: 06/16/2024
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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) 04/29/2025 Wefunder $7,500,000 $96,738 SAFE Active RegCF
Bee (previously Bee Mortgage App) 08/18/2022 Wefunder $15,000,000 $490,500 SAFE Funded RegCF
Bee Mortgage App 09/29/2021 Wefunder $12,000,000 $1,180,742 SAFE Funded RegCF
Bee Mortgage App 11/17/2020 Fundopolis $5,000,000 $298,450 Equity - Common Funded RegCF
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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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Bee on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000

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