KarbonPay
About this raise
KarbonPay, with a valuation of $15 million, is raising funds on Wefunder. The company automates the payroll data of businesses and helps them save money through payroll efficiency. The platform allows businesses to perform payroll calculations anytime, anywhere, without spending time on manual calculations. KarbonPay platform has been profitable with $2.5 million ARR and 30% EBITDA margins. The platform 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 $50,001 and a maximum target of $3,000,001. The campaign proceeds will be used for software development, sales and marketing, UX/UI, and new hires.
Investment Overview
Invested $346,913 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,161,283
- 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.