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.

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Investment Overview

Invested this round: $346,913

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/11/2022
Close Date
11/30/2022
Min. Goal
$50,001
Max Goal
$3,000,001
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.93

Early Bird Valuation

$13,321,948

Pre-Money Valuation

$15,012,810

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Richardson, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Bradley Price
Title
CEO

Financials

 Revenue
$2,500,000
 Monthly Burn
$15,622
 Cash on Hand
$656

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-187,460

$-2,500

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$656

$0

Accounts Receivable

$0

$0

Total Assets

$1,886

$0

Short-Term Debt

$24,345

$0

Long-Term Debt

$0

$0

Total Liabilities

$24,345

$0

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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
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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.

Employee History

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Add to portfolio
KarbonPay on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $15,012,810
Price per Share: $2.93

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