Help Texts
About this raise
Help Texts, with a valuation of $8.5 million, is raising funds on Wefunder. The company has developed a platform to provide evidence-based grief and mental health support via text. The platform is scalable and affordable and aims to meet the demand for high-quality experts to provide mental health and caregiver support. Help Texts offers three products, including Help Texts for Grief, Help Texts for Caregivers, and Help Texts for Healthcare Workers, and has a high retention rate of 86%. Emma Payne founded Help Texts in January 2018. The current crowdfunding campaign has a minimum target of $100,002 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, launching new product lines for pregnancy loss and pet loss, and onboarding new expert contributors.
Investment Overview
Invested : $189,967
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/07/2023
- Close Date
- 10/13/2023
$100,002
$1,000,003
$250
Equity - Common
Seed
RegCF
$3.50
$8,498,910
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +428% YoY
- $364,803
- Monthly Burn
- $7,575
-
Runway
- 24+ months
- Gross Margin
- 80%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $825,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/13/2023 | Wefunder | $8,498,910 | $189,967 | Equity - Common | Funded | RegCF |