About this raise
Netsave, with a valuation of $31.25 million, is raising funds on Wefunder. The company has developed a platform to provide cutting-edge solutions to the resale marketplace industry. Netsave is a sustainable resale social marketplace that makes it convenient and efficient to buy and sell used products locally on the internet. The platform uses an AI-based user screening and seller verification system to build an authentic community and generate meaningful interactions. Justin Georges founded Netsave in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $600,000. The campaign proceeds will be used for advertising and marketing, salary and wages, operating and maintenance expenses, and legal fees.
Investment Overview
Committed : $57,320
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/02/2024
- Close Date
- 08/31/2025
$50,000
$600,000
$100
SAFE
Early Stage
RegCF
$25,000,000
$31,250,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$3,337
as of Jun '24
- Monthly Burn
-
$8,000
as of Jun '24
-
Runway
-
1.3 months
as of Jun '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,093,950
- VC Backed?
- No