IronCircles

IronCircles

Early Stage

Generate an encrypted social network to share with your friends and family

Generate an encrypted social network to share with your friends and family

Overview

Raised to Date: Raised: $158,429

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/18/2023

Close Date

03/31/2024

Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$3,571,429

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$817

# of Investors

35

Momentum
Funded
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Year Founded

2022

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Portland, Oregon

Business Type

High Growth

IronCircles, with a valuation of $3.57 million, is raising funds on Wefunder. The platform generates encrypted private social networks for people to own their social networks. IronCircles helps prevent data mining, data breaches, and advertisements and enables actual privacy by blending the security principles of secure messaging and features of social networking. IronCircles works on B2B and D2C subscription models with different fees based on a variety of features. Jeremy Cader and Serhat Ozcanli founded IronCircles in February 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for sales and marketing and engineering for revenue-producing features.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$15

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-13,641

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$7,309

$0

Accounts Receivable

$0

$0

Total Assets

$7,309

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/18/2023
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IronCircles on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $3,571,429
Price per Share: $1.00

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

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