Kountable

Kountable

Closed: Jan. 2023

About this raise

Kountable, with a valuation of $35 million, is raising funds on Wefunder. The company has developed a B2B marketplace to unlock trade opportunities with speed and scale. The marketplace promotes sustainable trade and gets large-scale impact projects over the finish line. Kountable has completed $70 million in contract sales in five years resulting in $3.8 million in revenue. Christopher Hale founded Kountable in February 2015. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $250,000. The campaign proceeds will be used for financial operations and taxes, and sales and marketing.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
05/04/2022
Close Date
01/17/2023
Min. Goal
$200,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$35,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
San Francisco, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Christopher Hale
Title
CEO
Founder Name
Catherine Nomura
Title
President

Funding data not publicly available

Financials

 Revenue +149% YoY
$1,603,000
 Monthly Burn
Profitable
 Cash on Hand
$14,000
 Gross Margin
89%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,603,000

$645,000

COGS

$179,000

$167,000

Tax

$0

$0

 

 

Net Income

$7,653,000

$-2,355,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,000

$247,000

Accounts Receivable

$137,000

$1,508,000

Total Assets

$1,503,000

$2,359,000

Short-Term Debt

$1,920,000

$1,334,000

Long-Term Debt

$3,416,000

$15,443,000

Total Liabilities

$5,336,000

$16,777,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$23,897,867
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/17/2023 Wefunder $35,000,000 $0 SAFE Not Funded RegCF
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Founder Interview

Kountable Co-Founder Catherine Nomura on Leveraging Networks

Many well-meaning projects aim to enact social or environmental change. For example, a company or organization may aim to get millions of COVID-19 vaccines overseas to a country in need. This would then lead to transactions that involve three parties: a buyer, a supplier, and a small-to-medium enterprise (SME) trader that can act as a middleman and handle shipping. However, such transactions can get messy and sometimes bring projects to a halt.

Kountable is a business-to-business marketplace designed to smooth out this trading process. The platform allows multiple parties to collaborate and conduct payments with ease. We reached out to co-founder and President Catherine Nomura to hear more about why the company started with Rwanda and how it makes a difference in people’s lives.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Add to portfolio
Kountable on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $35,000,000

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

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