Beetexting

Early Stage

Software that helps brands text with their prospects and customers

Analytics

Raised to Date: Raised: $244,600

Aggregate Commitments $

Platform

Wefunder

Start Date

04/28/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

05/27/2022

Days Remaining

338

% of Min. Goal

489%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$8,434

Momentum
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Location

Bloomington, Illinois

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$468,955

$350,782

COGS

$282,484

$16,419

Tax

$0

$0

 

 

Net Income

$-124,581

$-81,380

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$57,078

$12,538

Accounts Receivable

$39,881

$12,539

Total Assets

$155,131

$35,386

Short-Term Debt

$32,406

$27,964

Long-Term Debt

$2,878

$2,765

Total Liabilities

$35,284

$30,729

Financials as of: 04/28/2022
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Beetexting on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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