KarbonPay (2024)
About this raise
KarbonPay, with a valuation of $15 million, is raising funds on Republic. The company automates the payroll data of businesses and helps them save money through payroll efficiency. KarbonPay allows businesses to perform payroll calculations anytime, anywhere, without spending time on manual calculations. The business has 600 monthly paying customers with a 40% year-over-year growth and delivers about 40% savings to its customers compared to the existing payroll providers. Brad Price founded KarbonPay in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.4 million. The campaign proceeds will be used for sales, research and development, new hires, and general working capital.
Investment Overview
Invested : $63,763
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/10/2024
- Close Date
- 04/30/2024
$50,000
$4,382,000
$150
SAFE
Series A
RegCF
$15,000,000
10%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +443% YoY
- $307,800
- Monthly Burn
- Profitable
- Cash on Hand
- $60,816
- Gross Margin
- 94%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,139,479
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2024 | Republic | $15,000,000 | $63,763 | SAFE | Funded | RegCF |
| 11/30/2022 | Wefunder | $15,012,810 | $346,913 | Equity - Common | Funded | RegCF |
| 01/31/2022 | StartEngine | $19,250,000 | $251,633 | Equity - Common | Funded | RegCF |
| 08/31/2021 | Wefunder | $6,200,000 | $736,778 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.