Ember Fund
Invest like a cryptocurrency hedge fund with only $300
Analytics
Raised: $4,833,377
Aggregate Commitments $
Platform
Republic
Start Date
05/12/2022
Close Date
08/31/2022
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$50
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$100,000,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
05/21/2022
Days Remaining
102
% of Min. Goal
19,334%
% of Max. Goal
97%
Likelihood of Max
Avg. Daily Raise
$537,042
Momentum
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Location
Los Angeles, California
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Ember Fund, with a valuation of $100 million, is raising funds on Republic. The Ember Fund application allows individuals to invest in a managed cryptocurrency hedge fund portfolio. The global app helps users to invest easily and securely, with as little as $100. The users do not need to trust a third party and can follow experts for investment advice. Ember Fund has over 500,000 users and reported a 400% year-over-year revenue growth as of March 2022. Alex Wang, Guillaume Torche, and Mario Lazaro founded Ember Fund in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $2,000,000. The campaign proceeds will be used to scale aggressively.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,392,642 |
$305,821 |
|
COGS |
$70,076 |
$3,285 |
|
Tax |
$5,324 |
$1,250 |
| ||
| ||
|
Net Income |
$-1,592,639 |
$-541,610 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,667,234 |
$237,957 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,167,904 |
$457,821 |
|
Short-Term Debt |
$1,498,972 |
$425,691 |
|
Long-Term Debt |
$1,498,972 |
$425,691 |
|
Total Liabilities |
$2,997,944 |
$851,382 |
Financials as of: 05/12/2022
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