HappyNest
Early Stage
A Veteran-Founded Platform Democratizing Wealth Building
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/04/2024
Close Date
04/29/2024
Min. Goal
$250,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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.
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 |
Financials as of: 02/04/2024
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