Growmotely
Early Stage
A global remote work marketplace, for full-time roles. The future of work.
Analytics
Raised: $66,970
Aggregate Commitments $
Platform
Republic
Start Date
06/14/2022
Close Date
09/26/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$20,000,000
Discount Rate
0%
Rolling Commitments $
Status
Funded
Reporting Date
10/02/2022
Days Remaining
Funded
% of Min. Goal
268%
% of Max. Goal
6%
Likelihood of Max
Funded
Avg. Daily Raise
$644
# of Investors
131
Momentum
Funded
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Location
Wilmington, Delaware
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Growmotely, with a valuation of $20 million, is raising funds on Republic. It is a global remote work marketplace for full-time job roles. The tech-driven staffing company matches conscious companies with aligned talent and supports their ongoing growth and development. The platform allows companies to choose their own benefits, like health insurance, education, and coaching, helps in creating diverse and inclusive teams and provides algorithm-based culture matching. Sarah Hawley, Chris Tirpak, Cass Biyang, and Theodora Gatin founded Growmotely in August 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, partnerships, and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$332,138 |
$0 |
|
COGS |
$295,892 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-361,020 |
$-74,946 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$260,047 |
$147,631 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,074,279 |
$186,450 |
|
Short-Term Debt |
$227,710 |
$3,928 |
|
Long-Term Debt |
$17,021 |
$37,358 |
|
Total Liabilities |
$244,731 |
$41,286 |
Financials as of: 06/14/2022
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