Medean

Medean

Closed: Jan. 2020

About this raise

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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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
SeedInvest
Start Date
11/20/2019
Close Date
01/17/2020
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%

Company & Team

Company

Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Location
Chicago, Illinois
Company Website
Visit Website

Team

Employees
2

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/17/2020 SeedInvest $6,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
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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.

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