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.
Investment Overview
Invested $374,585 :
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Location
- Austin, Texas
- Company Website
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Visit Website
Team
Financials
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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 |
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.