Growmotely
About this raise
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.
Investment Overview
Invested : $66,970
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 06/14/2022
- Close Date
- 09/26/2022
$25,000
$1,070,000
$150
SAFE
Early Stage
RegCF
$20,000,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $332,138
- Monthly Burn
- $30,085
-
Runway
- 8.6 months
- Gross Margin
- 11%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $350,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/26/2022 | Republic | $20,000,000 | $66,970 | SAFE | Funded | RegCF |