Lotus

Early Stage

Automating custom usage-based pricing for businesses

Overview

Raised to Date: Raised: $36,502

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/17/2023

Close Date

01/31/2023

Min. Goal

$25,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/01/2023

Days Remaining
Funded
% of Min. Goal

146%

% of Max. Goal

29%

Likelihood of Max
Funded
Avg. Daily Raise

$2,607

# of Investors

53

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

San Francisco, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

Lotus, with a valuation of $15 million, is raising funds on Wefunder. The company has developed an open-core pricing and billing engine for SaaS. The platform enables API companies to automate custom usage-based pricing for businesses for any metric rather than guessing how to charge their customers. Lotus is led by an experienced team and has already secured three design partners. Mikael Nida and Diego Escobedo founded Lotus in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for R&D hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50

$0

Accounts Receivable

$0

$0

Total Assets

$50

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/17/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Lotus on Wefunder 2023
$
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

Follow company

Follow Lotus on Wefunder 2023
View on Wefunder (Closed)