Medean

Medean

Early Stage

Financial planning for the next generation

Financial planning for the next generation

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

11/19/2019

Close Date

01/16/2020

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$1,000

Security Type

Convertible Note

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

01/11/2020

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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Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Location

Chicago, Illinois

Medean, with a valuation cap of $6 million, is raising funds on SeedInvest. The company aims to make financial planner simpler for the next generation. It provides financial guidance and offers incentives for users who work their finances out positively. The Medean app acts both as a budgeting app and a financial planner. Medean was founded by Eric Skjodt, Matt Karazin, and Reed and raised $750,000 in its pre-seed round of funding in 2017. The current crowdfunding round has a minimum target of $400,000 and a maximum target of $1,000,000, and the proceeds will be used toward marketing, payroll, and general & administrative expenses. Medean already has relationships with two top banks and has participated in two prominent FinTech Accelerators. The app helps customers to save more than $250 just in the first month of using it.
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Medean on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $6,000,000

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

Medean Deal Report

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