BetterWorld
About this raise
BetterWorld, with a valuation of $15 million, is raising funds on Wefunder. The company has developed AI optimization for companies to bring better products to the market for environment-conscious consumers. The business helps brands become better for the planet, people, and their bottom line and ensures better discoverability of products for consumers. BetterWorld has onboarded 3,400 SKUs since the fourth quarter of 2022, is growing 10% month-over-month, and projects to reach profitability in 2024 with 70% gross margins. Henry Lihn founded BetterWorld in June 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for platform development, sales, marketing, and debt servicing.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/01/2024 | Wefunder | $15,000,000 | $0 | SAFE | Not Funded | RegCF |
Founder Profile
The Evolution of Green Commerce: BetterWorld's Pioneering Approach to Sustainable Business
Customers are asking for products that are better for the environment. But founders starting new products may have difficulties bringing their products onto the market and acquiring customers.BetterWorld is a platform helping companies understand which green products consumers want while helping them sell these products.
We reached out to co-founder and CEO Henry Lihn to learn about his story of starting this company and his vision for the next few years.