Chisos
Early Stage
Fast, flexible capital for great entrepreneurs. More reliable returns for investors.
Overview
Raised: $555,702
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/10/2021
Close Date
10/15/2021
Min. Goal
$250,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
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
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,540
# of Investors
462
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 05/10/2021
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