FlipWord
About this raise
FlipWord, with a valuation of $5 million, is raising funds on Republic. The company has developed a language teaching platform that integrates learning into everyday activities. FlipWord is a Chrome Extension that automatically and intelligently replaces a few words on every English webpage with the language users want to learn. The platform has over 6,000 signed-up beta users, with over 50% user retention rate. Thomas Reese and Yinghua Yang founded FlipWord in July 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, research and development, future wages, general working capital, and equipment purchases.
Investment Overview
Invested : $81,708
Deal Terms
- Platform
- Republic
- Start Date
- 01/27/2017
- Close Date
- 05/01/2017
$50,000
$500,000
$20
SAFE
Early Stage
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Education, Training, & Coaching
- Tech Sector
- Location
- Palo Alto, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$2,089
as of FY2016
-
Runway
-
0.4 months
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/01/2017 | Republic | $5,000,000 | $81,708 | SAFE | Funded | RegCF |