EquityMultiple

Growth Stage

Real estate investing simplified

Analytics

Raised to Date: Raised: $555,950

Aggregate Commitments $

Platform

Wefunder

Start Date

10/26/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$3,500,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$90,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

11/26/2022

Days Remaining

155

% of Min. Goal

1,112%

% of Max. Goal

16%

Likelihood of Max
likely
Avg. Daily Raise

$17,934

# of Investors

92

Momentum
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Location

New York, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

EquityMultiple, with a valuation of $90 million, is raising funds on Wefunder. The company has developed a platform for accessible and transparent real estate investing at scale. The intuitive online platform of EquityMultiple helps its customers build wealth through streamlined access to diverse real estate investment products that are pre-vetted. EquityMultiple reported over $132 million in transaction volume and a 100% year-over-year revenue growth in 2021. Charles Clinton founded EquityMultiple in February 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3.5 million. The campaign proceeds will be used for marketing, growth operations, and improving and scaling technology for backend systems.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,493,486

$4,194,483

COGS

$925,132

$571,741

Tax

$5,176

$2,417

 

 

Net Income

$-861,431

$-1,372,215

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,596,755

$4,139,722

Accounts Receivable

$3,402,356

$1,235,249

Total Assets

$21,615,372

$5,905,882

Short-Term Debt

$16,896,260

$1,059,799

Long-Term Debt

$0

$0

Total Liabilities

$16,896,260

$1,059,799

Financials as of: 10/26/2022
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EquityMultiple on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $90,000,000

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