Givsum
Early Stage
Software helping nonprofits raise more money and operate more productively
Overview
$52,800 - RegCF
$102,800 - Total
$102,800 - Total
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/27/2022
Close Date
02/21/2023
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$160
# of Investors
36
Momentum
Funded
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Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Givsum, with a valuation of $10 million, is raising funds on Wefunder. The company has developed software helping nonprofits raise more money and more productively. The technology helps charitable organizations free up their time and resources and pursue their missions more efficiently. Givsum has reported a 400% growth in volume compared to the previous year and a 200% growth in total revenue. Shawn Wehan, Alan McCann, and Robert Kollar founded Givsum in March 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales, marketing, operations, and R&D.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$15,812 |
$3,846 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-374,287 |
$-424,554 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$16,185 |
$31,846 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$18,293 |
$31,846 |
|
Short-Term Debt |
$94,516 |
$22,376 |
|
Long-Term Debt |
$78,070 |
$40,000 |
|
Total Liabilities |
$172,586 |
$62,376 |
Financials as of: 03/27/2022
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