CircleIt
About this raise
CircleIt, with a valuation of $52 million, is raising funds on Wefunder. The company has developed a social media application where can chat, build your family tree and send cards to loved ones for free. CircleIt allows you to create and send cards to your loved ones that will magically unlock, days, years or decades from now. Membership has grown 400% YOY and an average rating of 4.7 on App Store & Google Play Art Shaikh founded CircleIt in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,00,000. The campaign proceeds will be used for application and product development, marketing, IP and Trademarks, operations, technology development and infrastructure.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/20/2022
- Close Date
- 01/13/2023
$50,000
$5,000,000
$100
SAFE
Series A
RegCF
$42,000,000
$52,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $7,300,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/13/2023 | Wefunder | $52,000,000 | $0 | SAFE | Not Funded | RegCF |