MeWe
[Closed for Investment] MeWe, with a valuation of $191.8 million, is raising funds on Wefunder. It is a large privacy-first decentralized social network. MeWe aims to create a digital landscape free from advertisements, spyware, and the spread of misinformation. The platform is user-centric, with 700,000 unique interest groups and over 20 million users, and enables users to connect over shared interests and passions. Jeffrey Edell and Jonathan Wolfe founded MeWe in June 2011. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5 million. The campaign proceeds will be used for operations, product development, and marketing.
Investment Overview
Raised: $232,912
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 04/05/2024
- Close Date
- 04/29/2024
$250,000
$5,000,000
$100
Equity - Preferred
Series C
RegCF
$0.84
$169,024,335
$191,803,895
Company & Team
Company
- Year Founded
- 2011
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -64% YoY
- $2,559,272
- Monthly Burn
- $775,000
-
Runway
- 3.8 months
- Gross Margin
- 84%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $43,062,177
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $191,803,895 | $232,912 | Equity - Preferred | Not Funded | RegCF |