Groundfloor
About this raise
Groundfloor, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a social platform to scale community management. Groundfloor uses data and analytics to offer friend suggestions and functions as an end-to-end community management platform and a marketplace for the exchange of goods, services, and ideas. The platform has a waitlist of 5,000 and an ARR of $2 million. Jamie Snedden founded Groundfloor in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for technical development, new location launch, operational costs, marketing, and general expenses.
Investment Overview
Invested : $206,309
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/22/2024
- Close Date
- 04/30/2024
$50,000
$1,235,000
$1,000
SAFE
Growth Stage
RegCF
$15,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +292% YoY
-
$2,000,000
as of FY2022
- Monthly Burn
-
$38,000
as of FY2022
-
Runway
-
13.3 months
as of
- Gross Margin
-
96%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,959,590
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2024 | Wefunder | $15,000,000 | $206,309 | SAFE | Funded | RegCF |