Kunduz

Kunduz

Growth Stage

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Overview

Raised this Round: Raised: $55,122

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/03/2023

Close Date

08/15/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$45,000,000

Discount

0%

Year Founded

2018

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

Kunduz, with a valuation of $45 million, is raising funds on Wefunder. The company has developed an educational app that instantly answers students’ questions and makes learning faster and cheaper. The app has an extensive AI-based library that answers 80% of the questions automatically and gives a SaaS-level gross margin. Kunduz has been used to answer over 100 million questions by 35,000 tutors and has more than 50,000 paying users with a 95% monthly retention rate. Basar Basaran, Melih Sener, and Baris Bilgic founded Kunduz in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for US college market expansion, maintenance and scaling of the Turkey product and operations, and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$13,972

$1,299

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-749,363

$-1,674,710

Summary Balance Sheet

FY 2022 FY 2021

Cash

$62,599

$387,733

Accounts Receivable

$0

$0

Total Assets

$1,809,907

$2,138,111

Short-Term Debt

$147,339

$67,096

Long-Term Debt

$0

$0

Total Liabilities

$147,339

$67,096

Financials as of: 05/03/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Kunduz 08/14/2023 Wefunder $45,000,000 $55,122 SAFE Funded RegCF
Kunduz 08/23/2022 Wefunder $45,000,000 $105,426 SAFE Funded Test the Waters / RegCF
Kunduz 01/11/2022 Self Managed - $4,868,916 Equity - Common Funded RegD 506(b)
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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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Kunduz on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $45,000,000

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

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