Everydae
Giving everyone in the world their own digital tutor
Overview
Raised: $762,275
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/11/2021
Close Date
04/27/2022
Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$11,162,500
Valuation Cap
$12,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,850
# of Investors
1,107
Momentum
Funded
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Year Founded
2018
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Everydae, with a $14 million valuation cap, is raising funds on WeFunder. The company is using innovative and proprietary technology to develop algorithms that personalize educational content. The digital tutor of Everydae keeps kids engaged and helps students realize their true potential. Everydae was founded by Chad Troutwine, Christine Outram, and Laura Hubbard in 2018. The company has already raised $1.28 million in the previous crowdfunding round on Wefunder. The current round of crowdfunding of Everydae has a minimum goal of $200,000 and a maximum goal of $1,070,000, and the proceeds will be used towards marketing expenses, course content creation, G&A expenses, and engineering costs. Everydae team has over 20,000 hours of tutor-training and curriculum development experience. The application has registered 64% week-over-week growth in registered users.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$28,322 |
$45,318 |
|
COGS |
$1,352 |
$8,385 |
|
Tax |
$0 |
$976 |
| ||
| ||
|
Net Income |
$-1,255,835 |
$-1,039,404 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$728 |
$5,443 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$60,361 |
$78,384 |
|
Short-Term Debt |
$5,221 |
$26,404 |
|
Long-Term Debt |
$137,800 |
$0 |
|
Total Liabilities |
$143,021 |
$26,404 |
Financials as of: 03/11/2021
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