Gravatate

Gravatate

Closed: Mar. 2020

About this raise

Gravatate, a virtual workplace solution with a valuation cap of $4.5 million, is raising funds on WeFunder. The platform of Gravatate allows business professionals to streamline their communication and enhance the collaboration experience. It helps business owners to connect and communicate with their team, clients, and vendors in a simple and affordable manner. Gravatate was founded by Javier Castro in 2014 and has raised over $700,000 since its inception. The current round of crowdfunding has a minimum goal of $70,000 and a maximum goal of $175,000, and the proceeds will be used for software development, marketing, leadership team salary payment, and legal and accounting expenses. Gravatate reported a 196% user growth, 33% increase in workspaces, 65 times increase in shared media, and 12 times increase in shared events in a year from 2018 to 2019.

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Investment Overview

Not Funded: $11,250

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/09/2019
Close Date
03/27/2020
Min. Goal
$70,000
Max Goal
$175,000
Min. Investment

$750

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,500,000

Discount

20%

Company & Team

Company

Year Founded
2014
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Reston, Virginia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Javier Castro
Title
CEO

Financials

 Revenue
$234
 Monthly Burn
$15,035
 Runway
3.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$234

$0

COGS

$17,168

$11,238

Tax

$2,350

$2,100

 

 

Net Income

$-180,420

$-152,468

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50,852

$700

Accounts Receivable

$0

$0

Total Assets

$322,023

$243,702

Short-Term Debt

$117,300

$103,397

Long-Term Debt

$250,074

$34,036

Total Liabilities

$367,374

$137,433

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/27/2020 Wefunder $4,500,000 $11,250 SAFE Not Funded RegCF
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Gravatate on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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