BenchK12
Early Stage
Build the future of work for educators today
Overview
Raised: $73,194
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/19/2023
Close Date
12/15/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,000,000
Valuation Cap
$5,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$306
# of Investors
63
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
BenchK12, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an integrated platform to solve supply and retention challenges among educators. The platform addresses hiring, credentialing, placement, support, professional development, and advancement of educators and aims to expand the pool of educators along with improving their onboarding and classroom experiences. BenchK12 is led by an experienced team and has six states on its waitlist to pilot the solution. Brooke Barrett founded BenchK12 in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for product development and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$29,750 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-148,854 |
$-28,165 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,272 |
$3,783 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,272 |
$3,783 |
|
Short-Term Debt |
$31,773 |
$10,430 |
|
Long-Term Debt |
$151,454 |
$25,454 |
|
Total Liabilities |
$183,227 |
$35,884 |
Financials as of: 04/19/2023
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