Newchip (2018)
About this raise
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.
Investment Overview
Invested : $647,915
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/22/2018
- Close Date
- 10/05/2018
$50,000
$1,070,000
$500
SAFE
Early Stage
RegCF
$15,000,000
10%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Capital Intensity
- Location
- Austin, Texas
- Company Website
-
Visit Website
Team
- Employees
- 9
Financials
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- Startup market filters and historical industry data
- Advanced company search ( with ratings)
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Edge
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.
