Bee (previously Bee Mortgage App) (2024)
About this raise
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.
Investment Overview
Invested : $121,063
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/17/2024
- Close Date
- 11/30/2024
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$5,750,000
$7,500,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$84,886
as of FY2023
- Monthly Burn
-
$5,236
as of FY2023
-
Runway
-
0.2 months
as of
- Gross Margin
-
99%
as of FY2023
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,167,944
- 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 |
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.