Newchip
Early Stage
Helping everyday investors find and compare investments online
Overview
Raised: $647,915
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/22/2018
Close Date
10/05/2018
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2018
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,171
# of Investors
566
Momentum
Funded
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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 | 11/12/2021 | 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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