About this raise: Gryphon Online Safety, with a valuation of $35 million, is raising funds on Wefunder. The company is offering a cloud-managed network-based protection service platform against cyber threats. The system comes with a high-performance WiFi system, a simple app, and machine learning. Gryphon Online Safety has generated $9 million in total sales and shipped over 60,000 units. John Wu and Arup Bhattacharya founded Gryphon in 2014. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $3 million. The campaign proceeds will be used for sales and marketing, research and development, operations, and general and administration expenses.

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Investment Overview

Invested this round:
$634,830 - RegCF
$644,830 - Total

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/02/2022
Close Date
11/01/2023
Min. Goal
$150,000
Max. Goal
$3,000,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$31,500,000

Valuation Cap

$35,000,000

Discount

10%

Company & Team

Company

Year Founded
2014
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
26
Prior Founder Exits?
No
Founder Name
John Wu
Title
CEO
Founder Name
Arup Bhattacharya
Title
CTO

Financials

as of Fiscal Year 2022
 Revenue -15.7% YoY
$2,770,738
 Monthly Burn
$264,527
 Runway
1.1 months
Gross Margin
36%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,146,155

$2,770,738

COGS

$1,370,464

$1,630,509

Tax

$0

$0

 

 

Net Income

$-3,174,318

$-2,267,459

Summary Balance Sheet

FY 2022 FY 2021

Cash

$299,314

$1,376,665

Accounts Receivable

$148,313

$0

Total Assets

$3,481,017

$5,061,484

Short-Term Debt

$2,193,772

$1,051,511

Long-Term Debt

$500,000

$158,152

Total Liabilities

$2,693,772

$1,209,663

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Ratings Kingscrowd Startup Rating Methodology Article

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Analyst Report Analyst Report Methodology Article

Parents are desperate for more tools to keep an eye on their children’s online activity. Some internet routers offer bare-bones parental controls, including search and watch history monitoring and website time limits. 

However, there is really no option for parents seeking comprehensive tools for monitoring internet activity. They want the ability to set screen time for individual phone apps, get alerts when worrying search terms are used, and have enterprise-level protection for their home Wi-Fi network. But no company has offered these features bundled into one product. 

Until now.

Gryphon Online Safety sells routers with these features and more. The company provides hands down the most robust set of parental controls of any router on the market.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,564,846
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Gryphon Online Safety 12/18/2024 Wefunder $35,000,000 $242,685 SAFE Funded RegCF / RegD 506(c)
Gryphon Online Safety 11/01/2023 Wefunder $35,000,000 $644,830 SAFE Funded RegCF / RegD 506(c)
Gryphon Online Safety 11/30/2022 Republic $35,000,000 $213,028 SAFE Funded RegCF
Gryphon 09/30/2021 SeedInvest $25,000,000 $6,179,278 Equity - Preferred Funded RegA+
Gryphon 04/21/2021 SeedInvest $25,000,000 $1,959,289 Equity - Preferred Funded Test the Waters
Gryphon 03/23/2018 SeedInvest - $775,389 Debt Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Gryphon Online Safety on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $35,000,000

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