Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/28/2023

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    

Early Bird Val. Cap

$12,500,000

Valuation Cap

$15,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

01/19/2024

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$0

Momentum

Not Funded

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BetterWorld

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

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.

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

Financials as of: 05/28/2023

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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