Kunduz
Instant help from expert tutors - Faster & more interactive than Chegg; More reliable than ChatGPT!
Overview
Raised: $93,222
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/04/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$45,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
325
% of Min. Goal
186%
% of Max. Goal
75%
Likelihood of Max
Avg. Daily Raise
$2,590
# of Investors
205
Momentum
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Year Founded
2018
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
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: 05/04/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Kunduz | 04/29/2024 | Wefunder | $45,000,000 | $93,222 | SAFE | Active | RegCF |
| Kunduz | 08/24/2022 | Wefunder | $45,000,000 | $105,426 | SAFE | Funded | Test the Waters / RegCF |
| Kunduz | 01/12/2022 | Self Managed | - | $4,868,916 | Equity - Common | Funded | RegD 506(b) |
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