Charlala
Early Stage
World Language EdTech Platform
Overview
Raised: $63,437
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/31/2020
Close Date
01/31/2021
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$1,500,000
Discount
25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/30/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$417
# of Investors
104
Momentum
Not Funded
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Year Founded
2019
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Charlala, with a $1.5 million valuation cap, is raising crowdfunding on Wefunder. It is an EdTech platform that teaches world languages. The platform has over 6,000 teachers in 26 countries and is growing organically to focus on real pain points of language education. Christopher Hammer founded Charlala in 2019 and has raised over $40,000 since its founding. The current crowdfunding campaign has a minimum goal of $100,000 and a maximum goal of $250,000, and the funds will be used for content development, design and development, marketing, and legal consultation. Charlala has won the World Language Design Challenge of 2019, hosted by Houghton Mifflin Harcourt & LearnLaunch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,051 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/31/2020
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