BenchK12

BenchK12

Early Stage

Build the future of work for educators today

Build the future of work for educators today

Overview

Raised this Round: 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    Open SEC Filing

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

10%

Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Minneapolis, Minnesota

Business Type

Growth

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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BenchK12 on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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