DvyUp

DvyUp

Closed: Apr. 2023

About this raise

DvyUp, with a valuation of $1 million, is raising funds on Wefunder. The company has developed an app to democratise the stock market and enable social investing. The app makes social investing fun and allows people to invest with their friends and family. The investors get to create a community, pool their money, minimise their risks, and make smart investments. DvyUp will also teach investors the basic principles of investing. Michelle Nealy, Jeffrey Chance, and Christopher A Rogers founded DvyUp in January 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $1,070,000. The campaign proceeds will be used for web development, legal aid, staffing, administrative costs, and marketing.

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Investment Overview

Not Funded: $43,525

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/06/2022
Close Date
04/30/2023
Min. Goal
$60,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

10%

Company & Team

Company

Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Washington, District of Columbia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Michelle Nealy
Title
CEO
Founder Name
Jeffrey Chance
Title
UX/UI Lead
Founder Name
Christopher Rogers
Title
Design Lead

Financials

 Revenue
$0
 Monthly Burn
$135
 Runway
6.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,622

$-1,171

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$879

$651

Accounts Receivable

$0

$0

Total Assets

$879

$651

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $1,000,000 $43,525 SAFE Not Funded RegCF
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Add to portfolio
DvyUp on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $1,000,000

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Follow DvyUp on Wefunder 2022

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