Netsave

Netsave

Closed: Mar. 2024

About this raise

Netsave, with a valuation of $25 million, is raising funds on Wefunder. The company is building a community marketplace for buying and selling locally without any hassle. The business is innovating social commerce marketplace with livestream shopping and has user safety and environmental sustainability at its core. Netsave is led by an experienced team and has a diverse community of over 500 sellers. Justin E. Georges founded Netsave in April 2021. 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 for marketing, salary and wages, operating and maintenance, and legal expenses.

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Investment Overview

Invested this round: $109,250

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
04/25/2023
Close Date
03/31/2024
Min. Goal
$50,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$25,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
LOS ANGELES, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Justin Georges
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$1,371
 Runway
0.4 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,455

$-52,734

Summary Balance Sheet

FY 2022 FY 2021

Cash

$500

$-3,649

Accounts Receivable

$0

$0

Total Assets

$830,413

$597,615

Short-Term Debt

$0

$0

Long-Term Debt

$768,852

$564,599

Total Liabilities

$768,852

$564,599

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$988,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/30/2025 Wefunder $31,250,000 $57,000 SAFE Active RegCF
03/31/2024 Wefunder $25,000,000 $109,250 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Add to portfolio
Netsave on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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Follow Netsave on Wefunder 2023

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

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