Netsave

Netsave

Early Stage

Building a safer community marketplace for easy local selling & buying without hassle

Building a safer community marketplace for easy local selling & buying without hassle

Overview

Raised this Round: Raised: $54,045

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/02/2024

Close Date

04/30/2025

Min. Goal
$50,000
Max. Goal
$600,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$25,000,000

Valuation Cap

$31,250,000

Discount

0%

Year Founded

2021

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

LOS ANGELES, California

Business Type

High Growth

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,337

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-75,370

$-16,455

Summary Balance Sheet

FY 2023 FY 2022

Cash

$76

$500

Accounts Receivable

$0

$0

Total Assets

$865,146

$830,413

Short-Term Debt

$4,480

$0

Long-Term Debt

$763,525

$768,852

Total Liabilities

$768,005

$768,852

Financials as of: 08/02/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Netsave 04/30/2025 Wefunder $31,250,000 $54,045 SAFE Active RegCF
Netsave 03/31/2024 Wefunder $25,000,000 $109,250 SAFE Funded RegCF
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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

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Netsave on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $31,250,000

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