Overview

Raised to Date: Raised: $52,400

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/02/2022

Close Date

05/31/2022

Min. Goal

$50,000

Max. Goal

$249,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

06/04/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$448

# of Investors

16

Momentum

Funded

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

Civic

Year Founded

2021

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Company Website

Civic, with a valuation of $6 million, is raising funds on Wefunder. The social good platform connects people to causes in the community. The platform helps people looking for a good cause to make a difference and helps find donors and volunteers. Civic is the world’s only social network for civic engagement where people can find events, connect with a cause, discuss and engage, and donate. Matias Burdman and Thomas Connelly founded Civic in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $249,000. The campaign proceeds will be used for engineering, marketing, and operations.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$1,500	$0
COGS	$0	$0
Tax	$9,716	$0
Net Income	$-50,230	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$14,967	$0
Accounts Receivable	$0	$0
Total Assets	$14,967	$0
Short-Term Debt	$5,190	$0
Long-Term Debt	$0	$0
Total Liabilities	$5,190	$0

Financials as of: 02/02/2022

Create a free account today to gain access to KingsCrowd analytics.

Civic Founder Matias Burdman on Streamlining Social Activism

From social injustice to climate change, there are plenty of problems in the world that need addressing. Protesting, donating to reputable nonprofits and networking with like-minded people are all good ways for people to tackle the issues they care about. But not everyone who wants to make a difference knows how to get started, especially while trying to navigate a pandemic.

Civic is a social network platform designed to help people get involved. Users can find events, contribute or raise money for a cause, and join communities of like-minded people. We reached out to co-founder and CEO Matias Burdman to learn more about why Civic differs from other social networks and how the founders went the extra mile to make connections.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview