Ember Fund

Growth Stage

Invest like a cryptocurrency hedge fund with only $300

Analytics

Raised to Date: 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
extremely
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

Business Type

High Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ember Fund 08/31/2022 Republic $100,000,000 $4,833,377 SAFE Active RegCF
Ember Fund 03/30/2020 Republic $5,000,000 $609,827 SAFE Funded RegCF
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Ember Fund on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $100,000,000
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