Fourplay Social

Fourplay Social

Closed: Mar. 2023

About this raise

Fourplay Social, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a social network that allows single friends to double date with other pairs of single friends. Fourplay Social aims to offer a healthier experience for singles physically, mentally, and socially and take the pressure off dating. Fourplay Social has had 45,000 total downloads, made 40,000 matches in New York City, and has 10,000 people waitlisted nationwide. Julie Griggs and Danielle Dietzek founded Fourplay Social in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for UI/UX redesign of the app and marketing.

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Investment Overview

Invested this round: $93,806

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
06/30/2022
Close Date
03/28/2023
Min. Goal
$50,000
Max Goal
$199,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Wanaque, New Jersey
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Julie Griggs
Founder Name
Danielle Dietzek

Financials

 Revenue
$0
 Monthly Burn
$7,035
 Runway
2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$366

$0

COGS

$0

$0

Tax

$750

$1,125

 

 

Net Income

$-84,414

$-31,945

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,935

$11,448

Accounts Receivable

$0

$0

Total Assets

$14,415

$12,113

Short-Term Debt

$1,106

$1,128

Long-Term Debt

$0

$0

Total Liabilities

$1,106

$1,128

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$300,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $8,000,000 $56,980 SAFE Funded RegCF
03/28/2023 Wefunder $8,000,000 $93,806 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Employee History

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Add to portfolio
Fourplay Social on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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Follow Fourplay Social on Wefunder 2022

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

Fourplay Social Deal Report

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