BetterWorld

BetterWorld

Closed: Feb. 2024

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/29/2023
Close Date
03/01/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$12,500,000

Valuation Cap

$15,000,000

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
NEW YORK, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Henry Lihn
Title
CEO

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$121,196
 Monthly Burn
$41,548
 Runway
0 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$121,196

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-498,574

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$41

$0

Accounts Receivable

$11,205

$0

Total Assets

$334,736

$0

Short-Term Debt

$849,707

$14,361

Long-Term Debt

$0

$0

Total Liabilities

$849,707

$14,361

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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
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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.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
BetterWorld on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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Follow BetterWorld on Wefunder 2023

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Warning: according to the close date for this deal, BetterWorld may no longer be accepting investments.

BetterWorld Deal Report

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