Beetexting
About this raise
Beetexting, with a valuation of $7 million, is raising funds on Wefunder. The company has developed software that allows teams to text with customers on company lines. The aim of Beetexting is to transform everyday communication talks into experiences and help businesses develop an empathetic mindset. Beetexting is already built and ready to sell and has over $27,000 in product ARR. Nageswar Bijivemula founded Beetexting in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales and marketing, research and development, and contingency capital.
Investment Overview
Invested : $375,103
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/28/2022
- Close Date
- 09/13/2022
$50,000
$1,070,000
$250
SAFE
Early Stage
RegCF
$6,000,000
$7,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +34% YoY
- $468,955
- Monthly Burn
- $10,382
-
Runway
- 5.5 months
- Gross Margin
- 40%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $282,120
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/13/2022 | Wefunder | $7,000,000 | $375,103 | SAFE | Funded | RegCF |