Newchip

Newchip

Early Stage

Helping everyday investors find and compare investments online

Helping everyday investors find and compare investments online

Overview

Raised this Round: Raised: $647,915

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/21/2018

Close Date

10/05/2018

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$500

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

10%

Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Location

Austin, Texas

Newchip is here, and they plan to be the “NASDAQ for the alternative investment market.” They want to help people find and invest in companies they believe in by simplifying the investment process using machine learning and helping investors navigate and track their online investments. In other words, they plan to be the one-stop-shop for investing online! So far, they’ve raised $2M from JV, Yeoman, Sputnik, and executives from Goldman Sachs + Credit Suisse; the founders have generated three acquisitions and exits between them; they were ranked in the Top 50 Global Startups from 67 countries by G-Startup Worldwide, where judges included Tim Draper, Sequoia Capital, and Softech; and they were ranked #1 for startup investing in the App Store. Plus, over 20 platform partners and 50,000 customers use Newchip.
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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 Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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