ClearingBid
Growth Stage
Opens IPO investing to everyone
Overview
Raised: $5,000,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/18/2023
Close Date
07/28/2023
Min. Goal
$200,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$18,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$128,205
# of Investors
4,191
Momentum
Funded
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Year Founded
2012
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
ClearingBid, with a valuation of $18 million, is raising funds on Wefunder. The company has developed a platform for individuals and institutional investors to participate in IPO investing. The platform uses an algorithm to price shares fairly based on market demand and allocates shares to those whose orders are at or above the IPO price. ClearingBid is powered by a proprietary pricing engine and makes IPO investing more accessible to retail investors. Matt Venturi founded ClearingBid in April 2012. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $5 million. The campaign proceeds will be used for software development, regulatory approval, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$56,000 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-842,851 |
$-482,973 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$49,375 |
$1,489,812 |
|
Accounts Receivable |
$0 |
$10,000 |
|
Total Assets |
$2,762,920 |
$3,445,919 |
|
Short-Term Debt |
$1,315,972 |
$6,303,276 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,315,972 |
$6,303,276 |
Financials as of: 06/18/2023
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