Kountable
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/04/2022
- Close Date
- 01/17/2023
$200,000
$250,000
$100
SAFE
Growth Stage
RegCF
$35,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +149% YoY
- $1,603,000
- Monthly Burn
- Profitable
-
Cash on Hand
- $14,000
- Gross Margin
- 89%
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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 |
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.
