ASTRALABS (previously Newchip) (2020)

About this raise

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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Investment Overview

Invested this round: $374,585

Deal Terms

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Platform
Self Managed
Start Date
12/09/2019
Close Date
12/09/2020
Min. Goal
$2,000
Max Goal
$500,000
Min. Investment

$2,000

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegD 506(b)    Open SEC Filing

Pre-Money Valuation

$28,000,000

Company & Team

Company

Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Location
Austin, Texas
Company Website
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Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
ASTRALABS 11/12/2021 Wefunder $119,000,000 $626,458 Equity - Preferred Funded RegCF
ASTRALABS 03/17/2021 Wefunder $69,300,000 $1,070,000 Equity - Preferred Funded RegCF
ASTRALABS (previously Newchip) 12/09/2020 Self Managed $28,000,000 $374,585 Equity - Common Funded RegD 506(b)
Newchip 10/05/2018 Wefunder $15,000,000 $647,915 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

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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ASTRALABS (previously Newchip) Deal Report

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