Cycle Phones
About this raise
Cycle Phones, with a valuation of $3.65 million, is raising funds on Wefunder. The company is making the world’s first phone that gets cheaper, faster, and more powerful with time. The company uses a dedicated server to run the phone instead of a tiny processor, thus making it better with time. Cycle Phones has the first-mover advantage and a strong environmental mission. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $800,000. The campaign proceeds will be used to develop a mobile app to demonstrate the MVP, pay salaries, cover server costs, and pay legal costs.
Investment Overview
Invested : $83,208
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/20/2021
- Close Date
- 01/24/2022
$50,000
$800,000
$100
SAFE
Pre-Seed
RegCF
$3,100,000
$3,650,000
10%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/24/2022 | Wefunder | $3,650,000 | $83,208 | SAFE | Funded | RegCF |