Homevest

Homevest

Closed: May. 2024

About this raise

Homevest, with a valuation of $10.9 million, is raising funds on NetCapital. It is a financial technology platform that enables investors to purchase shares in single-family rental properties. The Homevest app allows users to browse, purchase, and monitor shares on their phones and invest in high-quality, qualified rental properties. The possibility of fractional investments through Homevest leads to fewer contingencies, a faster process, simpler closing, and no appraisal stress. Michael Uhr and Michael Corkery founded Homevest in August 2023. The current crowdfunding campaign has a minimum target of $10,002.07 and a maximum target of $1.23 million. The campaign proceeds will be used for app development, salaries, marketing, and social media strategy.

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Investment Overview

Invested this round: $11,139

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
12/05/2023
Close Date
05/31/2024
Min. Goal
$10,002
Max Goal
$1,234,996
Min. Investment

$104

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.11

Pre-Money Valuation

$10,998,000

Company & Team

Company

Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Jersey City, New Jersey
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Michael Uhr
Title
Chairman

Financials

 Revenue
$0
as of FY2022
 Cash on Hand
$0
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/31/2024 Netcapital $10,998,000 $11,139 Equity - Common Funded RegCF
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Add to portfolio
Homevest on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $10,998,000
Price per Share: $6.11

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Follow Homevest on NetCapital 2023

Buy Homevest's Deal Report

Warning: according to the close date for this deal, Homevest may no longer be accepting investments.

Homevest Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Homevest is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

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