GravyStack
Growth Stage
The bank account for kids that plays like a game.
Overview
Raised: $424,401
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/26/2023
Close Date
01/31/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$43,000,000
Valuation Cap
$45,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/03/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,369
# of Investors
139
Momentum
Funded
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
GravyStack, with a valuation of $45 million, is raising funds on Wefunder. The company has created a bank account for kids that plays like a game. The platform teaches kids and teens financial literacy and makes them capable of handling real money. GravyStack is built on affordable base membership fees and gives financial freedom for kids and families and well-balanced financial portfolios. Scott Donnell and Travis Adams founded GravyStack in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for content development and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,225 |
$0 |
|
COGS |
$170,420 |
$299 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,631,363 |
$-687,555 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,806,139 |
$2,388,554 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,271,038 |
$2,853,453 |
|
Short-Term Debt |
$37,801 |
$24,130 |
|
Long-Term Debt |
$4,360,245 |
$0 |
|
Total Liabilities |
$4,398,046 |
$24,130 |
Financials as of: 03/26/2023
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