IronCircles
Early Stage
Generate an encrypted social network to share with your friends and family
Overview
Raised: $127,409
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/19/2023
Close Date
04/29/2024
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$3,571,429
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
127%
% of Max. Goal
51%
Likelihood of Max
Avg. Daily Raise
$11,583
Momentum
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Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Location
Portland, Oregon
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: 09/19/2023
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