Everipedia

Everipedia

Closed: Dec. 2016

About this raise

Everipedia, with a valuation of $22 million, is raising funds on Wefunder. The company has developed a crowd-sourced online encyclopedia for almost everything. Everipedia has 3.5 million pages and aims to become a site more important than Wikipedia, Reddit, and Google. The platform has 1.8 million monthly unique visitors and generates banner ad revenue of about $150-300 per day. Mahbod Moghadam, Travis Moore, Sam Kazemian, and Theodor Forselius founded Everipedia in August 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for hiring, salaries, rent, and office expenses.

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Investment Overview

Invested this round: $129,878

Deal Terms

Platform
Wefunder
Start Date
07/29/2016
Close Date
12/31/2016
Min. Goal
$50,000
Max Goal
$200,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$22,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Location
Los Angeles, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2015
 Monthly Burn
$11,519
as of FY2015
 Runway
1.5 months
as of FY2015

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-138,231

$0

Summary Balance Sheet

FY 2015 FY 2014

Cash

$17,769

$0

Accounts Receivable

$0

$0

Total Assets

$17,769

$0

Short-Term Debt

$0

$0

Long-Term Debt

$155,000

$0

Total Liabilities

$155,000

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2016 Wefunder $22,000,000 $129,878 SAFE Funded RegCF
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Everipedia on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $22,000,000

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Warning: according to the close date for this deal, Everipedia may no longer be accepting investments.

Everipedia Deal Report

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