This company is no longer in business. Investors can get details about any potential exits or failures here.
Envel
Building the World’s Smartest Bank Account
Overview
Raised: $217,417
Total Commitments ($USD)
Wefunder
03/13/2022
03/23/2022
$100
Equity - Preferred
Seed
RegCF
$2.84
$30,926,812
$40,289,975
Rolling Commitments ($USD)
07/07/2022
$24,157
197
2017
Financial & Insurance Products & Services
Fintech
B2C
Medium
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$113 |
$0 |
|
COGS |
$447,645 |
$128,565 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,132,655 |
$-653,161 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$541,790 |
$422,967 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$596,166 |
$432,813 |
|
Short-Term Debt |
$1,203,067 |
$87,833 |
|
Long-Term Debt |
$2,086,511 |
$910,542 |
|
Total Liabilities |
$3,289,578 |
$998,375 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Envel | 03/22/2022 | Wefunder | $40,289,975 | $217,417 | Equity - Preferred | Funded | RegCF |
| Envel | 12/16/2021 | StartEngine | $35,040,323 | $581,267 | Equity - Common | Funded | RegCF |
| Envel | 02/02/2021 | Wefunder | $15,000,000 | $1,070,000 | Convertible Note | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Employee History
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