GROUNDFLOOR

Growth Stage

A wealthtech platform that lets everyone build wealth through real estate lending.

Analytics

Raised to Date: Raised: $2,290,044

Aggregate Commitments $

Platform

Wefunder

Start Date

08/15/2022

Close Date

11/18/2022

Min. Goal

$50,002

Max. Goal

$4,999,991

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$43.90

Pre-Money Valuation

$243,407,782

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2022

Days Remaining
Funded
% of Min. Goal

4,580%

% of Max. Goal

46%

Likelihood of Max
Funded
Avg. Daily Raise

$24,106

# of Investors

1,795

Momentum
Funded
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Location

Atlanta, Georgia

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

GROUNDFLOOR, with a valuation of $243 million, is raising funds on Wefunder. The platform allows everyone to build wealth through real-estate lending. The GROUNDFLOOR platform originates and underwrites loans for residential real estate projects. The loans are then converted into LROs that can be invested in by individual investors. GROUNDFLOOR has over 200,000 registered users and reported $14.1 million in revenue in 2021. Brian Dally and Nick Bhargava founded GROUNDFLOOR in January 2013. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $4,999,991. The campaign proceeds will be used for customer acquisition, product development, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$11,220,099

$5,451,538

COGS

$1,363,150

$611,436

Tax

$0

$0

 

 

Net Income

$-3,948,774

$-4,786,633

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,641,950

$1,429,172

Accounts Receivable

$0

$0

Total Assets

$192,996,368

$71,949,680

Short-Term Debt

$192,858,384

$73,416,711

Long-Term Debt

$134,865

$138,680

Total Liabilities

$192,993,249

$73,555,391

Financials as of: 08/15/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GROUNDFLOOR 11/18/2022 Wefunder $243,407,782 $2,290,044 Equity - Preferred Funded RegCF
GROUNDFLOOR 06/30/2019 Self Managed $51,848,310 $3,012,894 Equity - Preferred Funded RegA+
GROUNDFLOOR 06/30/2018 Self Managed $27,287,500 $4,228,670 Equity - Common Funded RegA+
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Groundfloor has opened up a massive market opportunity by offering real estate debt investment opportunities to non-accredited investors. But the company faces constant risks, and navigating them will not be easy.

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GROUNDFLOOR on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $243,407,782
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