GravyStack

GravyStack

Growth Stage

The bank account for kids that plays like a game.

The bank account for kids that plays like a game.

Overview

Raised this Round: 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    Open SEC Filing

Early Bird Val. Cap

$43,000,000

Valuation Cap

$45,000,000

Discount

0%

Year Founded

2021

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Phoenix, Arizona

Business Type

High Growth

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
GravyStack on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $45,000,000

Follow company

Follow GravyStack on Wefunder 2023

Buy GravyStack's Deal Report

Warning: according to the close date for this deal, GravyStack may no longer be accepting investments.

GravyStack Deal Report

Get KingsCrowd’s comprehensive report on GravyStack including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether GravyStack is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the GravyStack deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge