Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/03/2022

Close Date

01/17/2023

Min. Goal

$200,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$35,000,000

Discount

0%

Venture Capital Investors:

Bootstrap Labs

MSAD Ventures

Lateral Capital

Reaction Global

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

01/16/2023

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$0

Momentum

Not Funded

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Kountable

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

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.

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

Financials as of: 05/03/2022

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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