GetHedge

GetHedge

Closed: Apr. 2023

About this raise

GetHedge, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a platform that makes Dollar Cost Average (DCA) investing simple for crypto investors. The platform makes cryptocurrencies and digital assets secure, easy, and fun and makes it easy to send cryptos to any wallet the investors may have. GetHedge is also creating a decentralized neo-banking v2 app and offers highly competitive conversion rates. David Schwartz and Paul Bradley founded GetHedge in June 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales, version 2 technology development, marketing and branding, and salary and benefits.

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Investment Overview

Invested this round: $111,300

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/23/2023
Close Date
04/30/2023
Min. Goal
$100,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$12,000,000

Valuation Cap

$15,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Brentwood, Tennessee
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
David Schwartz
Title
CEO
Founder Name
Paul Bradley
Title
COO

Financials

as of Fiscal Year 2021
 Revenue
$0
 Monthly Burn
$31,622
 Runway
1.5 months

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$400

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-379,466

$-3,946

Summary Balance Sheet

FY 2021 FY 2020

Cash

$48,788

$1,087

Accounts Receivable

$0

$0

Total Assets

$307,404

$83,726

Short-Term Debt

$1,838

$188

Long-Term Debt

$0

$0

Total Liabilities

$1,838

$188

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$500,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $15,000,000 $111,300 SAFE Funded RegCF
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Add to portfolio
GetHedge on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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