Fund the First
Early Stage
FundtheFirst.com is a verified crowdfunding platform for our nation's heroes.
Overview
Raised: $117,997
Total Commitments ($USD)
Platform
Republic
Start Date
04/12/2021
Close Date
08/31/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/04/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$843
# of Investors
123
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Fund the First, with a $6 million valuation cap, is raising funds on Republic. It is a verified crowdfunding platform for first responders, military, and medical professionals. The platform allows citizens to support their national heroes when there is a need with its verified crowdfunding campaigns that combat fraud. Robert Garland founded Fund the First in July 2019 and has raised over $550,000 since the inception. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to expand the platform to help educators and teachers and bring on new corporate partners. Fund the First has hosted 155 fundraising campaigns totaling over $1 million. It works on a 5% revenue model and has partnered with ID.me for a trusted experience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$35,991 |
$1,672 |
|
COGS |
$638 |
$353 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-211,543 |
$-11,907 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$583,535 |
$1,598 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$689,675 |
$1,598 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/12/2021
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