ASTRALABS (previously Newchip)
Early Stage
The Global Portfolio of Startups
Overview
Raised: $374,585
Status
Funded
Reporting Date
12/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,023
Momentum
Funded
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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 | 11/12/2021 | 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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