Native
Early Stage
Native is a secure platform for multilingual messaging.
Overview
Raised: $80,099
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/04/2023
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,204
# of Investors
75
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Native, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a platform for multilingual messaging. The platform integrates chat and translation seamlessly and translates chats without compromising privacy. Native currently supports 137 common languages and enables organizations to build trust while people chat in their preferred language. The business received $930,000 in bookings in 2022 and reported a 740% growth in revenue in 2022. Ben Lang and Lukas Novak founded Native in April 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used to complete the development of bridge MVP, SOC 2, and ISO 27001 security frameworks, hire additional staff, and accelerate customer research and testing of Native Flow.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$49,989 |
$0 |
|
COGS |
$10,003 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-524,814 |
$-137,708 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$366,605 |
$2,861 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$366,685 |
$2,941 |
|
Short-Term Debt |
$213,362 |
$85,553 |
|
Long-Term Debt |
$815,750 |
$55,000 |
|
Total Liabilities |
$1,029,112 |
$140,553 |
Financials as of: 04/04/2023
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