Calm Company Fund (previously Earnest Capital)

Calm Company Fund (previously Earnest Capital)

Closed: Jul. 2021

About this raise

Calm Company Fund, with a valuation of $20 million, is raising crowdfunding on Wefunder. The company offers capital, community, and mentorship for calm companies. It aims to become the default source of capital for startups and support them in the entrepreneurship journey. Tyler Tringas founded Calm Company Fund in November 2018. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $2,000,000, will be used for investments in the team, funding a scout program, and closing costs. Calm Company Fund has invested in over 35 software startups with a 167% total portfolio value increase. Several of the portfolio companies of Calm Company Fund are sharing profits with it, and two have demonstrated successful exits.

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Investment Overview

Invested this round: $1,725,362

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
06/18/2021
Close Date
07/23/2021
Min. Goal
$900,000
Max Goal
$2,000,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$20,000,000

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Tyler Tringas
Title
General Partner

Financials

 Revenue +373% YoY
$418,298
 Monthly Burn
Profitable
 Cash on Hand
$143,291

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$418,298

$88,499

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$85,679

$23,479

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$143,291

$82,848

Accounts Receivable

$9,476

$0

Total Assets

$173,861

$88,059

Short-Term Debt

$87,178

$44,555

Long-Term Debt

$0

$0

Total Liabilities

$87,178

$44,555

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/23/2021 Wefunder $20,000,000 $1,725,362 Equity - Common Funded RegCF
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Calm Company Fund on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $1.00

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