Medean
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.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Location
- Chicago, Illinois
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
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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) |