Kutt
About this raise: Kutt, with a valuation of $9.5 million, is raising funds on Republic. It is a peer-to-peer social betting app that allows users to bet on anything with a verifiable outcome. Kutt offers a variety of social features that make betting fun and engaging and allows bettors to connect with communities of people with shared interests and gain benefits from network effects. The platform has more than 14,000 users and is on pace to bring in over $500,000 in revenue for 2024. Simeon Harmon founded Kutt in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for technology and product development, sales and marketing, and data/service providers.
Investment Overview
Committed : $25,211
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 12/10/2024
- Close Date
- 03/09/2025
$50,000
$1,000,000
$100
SAFE
Seed
RegCF
$9,500,000
0%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +36,995% YoY
- $187,329
- Monthly Burn
- $31,346
-
Runway
- 2.2 months
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,450,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/09/2025 | Republic | $9,500,000 | $25,211 | SAFE | Active | RegCF |