ASTRALABS (previously Newchip)

ASTRALABS (previously Newchip)

Early Stage

The Global Portfolio of Startups

The Global Portfolio of Startups

Overview

Raised this Round: Raised: $374,585

Platform

Self Managed

Start Date

12/08/2019

Close Date

12/09/2020

Min. Goal
$2,000
Max. Goal
$500,000
Min. Investment

$2,000

Security Type

Equity - Common

SEC Filing Type

RegD 506(b)    Open SEC Filing

Pre-Money Valuation

$28,000,000

Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Location

Austin, Texas

Newchip, with a valuation of $28 million, is raising funds independently through Reg D 506(b) raise. The company is building the infrastructure for the startup and investor ecosystem. It helps in building the teams from the ground up and utilizing their technology to develop and scale quickly. Newchip has a global startup portfolio of over $100 million across 20 verticals and 35 countries and is ranked in the Top 50 Startups by G-Startups Worldwide. Andrew Ryan founded Newchip in 2016. The campaign has a maximum target of $500,000.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ASTRALABS 11/11/2021 Wefunder $119,000,000 $626,458 Equity - Preferred Funded RegCF
ASTRALABS 03/16/2021 Wefunder $69,300,000 $1,070,000 Equity - Preferred Funded RegCF
ASTRALABS (previously Newchip) 12/08/2020 Self Managed $28,000,000 $374,585 Equity - Common Funded RegD 506(b)
Newchip 10/04/2018 Wefunder $15,000,000 $647,915 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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Newchip on Self Managed 2019
Platform: Self Managed
Security Type: Equity - Common
Valuation: $28,000,000

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