HappyNest

HappyNest

Closed: Apr. 2024

About this raise

HappyNest is raising funds on Wefunder. The company has developed a fintech platform focused on helping veterans, the military, and their supporters grow their wealth. HappyNest enables investors to participate in commercial real estate opportunities and makes real estate investing engaging, accessible, and rewarding. The platform has over 100,000 created accounts, with 113,000 individual investment transactions through investments in more than 40 real estate assets. Jesse Prince and Leonardo Sessa founded HappyNest in February 2017. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for user acquisition, product development, and general working capital.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/05/2024
Close Date
04/29/2024
Min. Goal
$250,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

25%

Company & Team

Company

Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Annapolis, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
Yes
Founder Name
Jesse Prince
Title
CEO
Founder Name
Leonardo Sessa
Title
President

Funding data not publicly available

Financials

 Revenue
$58,100
as of FY2022
 Monthly Burn
$77,292
as of FY2022
 Runway
2.1 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$58,100

$7,100

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-927,507

$-928,787

Summary Balance Sheet

FY 2022 FY 2021

Cash

$160,972

$90,989

Accounts Receivable

$0

$0

Total Assets

$734,342

$722,849

Short-Term Debt

$1,939,460

$1,820,460

Long-Term Debt

$0

$0

Total Liabilities

$1,939,460

$1,820,460

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,132,500
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder - $0 SAFE Not Funded RegCF
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HappyNest on Wefunder 2024
Platform: Wefunder
Security Type: SAFE

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