ClearingBid
About this raise
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.
Investment Overview
Invested : $5,000,000
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/19/2023
- Close Date
- 07/28/2023
$200,000
$5,000,000
$100
SAFE
Growth Stage
RegCF
$18,000,000
0%
Company & Team
Company
- Year Founded
- 2012
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$70,238
as of FY2022
-
Runway
-
0.7 months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $6,000,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/28/2023 | Wefunder | $18,000,000 | $5,000,000 | SAFE | Funded | RegCF |