Overview

Raised to Date: Raised: $69,050

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/28/2020

Close Date

11/18/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$7,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

11/29/2020

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$617

# of Investors

79

Momentum

Funded

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Grapevine

Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Company Website

Grapevine, with a $7 million valuation cap, is raising crowdfunding on Wefunder. It is an all-in-one community management solution for Giving Circles. The platform allows the circles to launch campaigns, collect donations, crowdfund, invite new members, create reports, and get expert advice. Grapevine was founded by Emily Rasmussen and Arrel Gray in 2017 and has raised over $590,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for new engineer recruitment, sales, donation disbursement fees, and accounting and legal fees. Grapevine is a fast-growing social movement that has coordinated over $1 million in charity from more than 40,000 donors.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$13,747	$8,061
COGS	$0	$0
Tax	$814	$671
Net Income	$-314,923	$-40,453

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$5,678	$142,647
Accounts Receivable	$10,000	$0
Total Assets	$15,678	$142,647
Short-Term Debt	$38,449	$25
Long-Term Debt	$67,899	$53,369
Total Liabilities	$106,348	$53,394

Financials as of: 07/28/2020

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Grapevine Founder Emily Rasmussen on Giving Circles

Philanthropy in the U.S. is growing. In 2019, Americans gave almost $450 billion in charitable donations, a 5% increase from the previous year according to the National Philanthropic Trust. And donations from individuals accounted for over half of that amount. That positive growth is likely to continue because over 80% of Millennials donate to charity. However, Millennials also find it difficult to make large donations. As a result, a new model of philanthropy has arisen — giving circles. These are groups of people — circles — who pool their money together in order to make one large donation to a cause they all support. However, issues of organization and coordination can make creating giving circles difficult.

Grapevine is offering a solution through its online community management platform for giving circles. The platform enables groups to create circles, add members, make donations, and more. We spoke with co-founder and CEO Emily Rasmussen about the strength of philanthropy and the fast growth Grapevine has already seen.

Read Founder Interview