beehiiv

beehiiv

Growth Stage

The newsletter platform built for growth

The newsletter platform built for growth

Overview

Raised to Date: Raised: $1,548,457

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/30/2024

Close Date

06/07/2024

Min. Goal
$50,000
Max. Goal
$1,008,944
Min. Investment

$100

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.56

Pre-Money Valuation

$192,222,222

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

15

% of Min. Goal

3,097%

% of Max. Goal

153%

Likelihood of Max
exceeded
Avg. Daily Raise

$70,384

Momentum
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Year Founded

2021

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

beehiiv, with a valuation of $192.2 million, is raising funds on Wefunder. It is a newsletter platform built for growth that helps publishers, creators, and companies scale and monetize their audiences. beehiiv’s Ad Network has paid publishers over $1 million since its launch and has recently surpassed 1 billion emails sent in a single month by the users through this platform. The company reported an annual revenue run rate of $12 million, a 450% increase year-over-year. Tyler Denk, Benjamin Hargett, and Jake Hurd founded beehiiv in 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.01 million. The campaign proceeds will be used to upgrade the overall tech and infrastructure, scale the Ad Network team and capabilities, accelerate paid acquisition channels, and expand the team.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$4,726,783

$269,333

COGS

$216,066

$134,000

Tax

$0

$0

 

 

Net Income

$-3,701,172

$-1,900,074

Summary Balance Sheet

FY 2023 FY 2022

Cash

$12,793,798

$2,110,236

Accounts Receivable

$126,527

$2,441

Total Assets

$13,205,594

$2,134,068

Short-Term Debt

$2,411,406

$190,636

Long-Term Debt

$0

$1,556,265

Total Liabilities

$2,411,406

$1,746,901

Financials as of: 04/30/2024
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beehiiv on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $192,222,222
Price per Share: $9.56

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