BenchK12

BenchK12

Closed: Dec. 2023

About this raise

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.

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Investment Overview

Invested this round: $73,194

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/20/2023
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Brooke Barrett
Title
President

Financials

as of Fiscal Year 2022
 Revenue
$29,750
 Monthly Burn
$12,405
 Runway
0.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$91,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/15/2023 Wefunder $5,000,000 $73,194 SAFE Funded RegCF
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Add to portfolio
BenchK12 on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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