Chisos

Early Stage

Fast, flexible capital for great entrepreneurs. More reliable returns for investors.

Analytics

Raised to Date: Raised: $565,702

Aggregate Commitments $

Platform

Wefunder

Start Date

05/11/2021

Close Date

10/15/2021

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$15,000,000

Discount Rate

10%

Rolling Commitments $

Status
Funded
Reporting Date

10/20/2021

Days Remaining
Funded
% of Min. Goal

226%

% of Max. Goal

53%

Likelihood of Max
Funded
Avg. Daily Raise

$3,603

Momentum
Funded
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Location

Santa Monica, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Chisos, with a valuation cap of $15 million, is raising funds on Wefunder. The company helps startups get access to capital with its innovative investment approach. It has introduced the Convertible Income Share Agreement as a combination of ISAs and SAFEs for founders to receive funding and for investors to benefit from a derisked approach. William Stringer and Stephen Grinalds founded Chisos in October 2019. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used for marketing, development of SaaS/Marketplace platform features, and legal and accounting expenses. Chisos differs from traditional banks as it evaluates founders not based on their assets and financial history but future potential.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-137,571

$-8,982

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$191,823

$0

Accounts Receivable

$21,026

$0

Total Assets

$468,105

$0

Short-Term Debt

$47,049

$839

Long-Term Debt

$565,931

$8,142

Total Liabilities

$612,980

$8,981

Financials as of: 05/11/2021
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Chisos on Wefunder
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $15,000,000

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