Newchip

Helping everyday investors find and compare investments online

Analytics

Raised to Date: Raised: $647,915

Aggregate Commitments $

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

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

10/31/2018

Days Remaining
Funded
% of Min. Goal

1,296%

% of Max. Goal

61%

Likelihood of Max
Funded
Avg. Daily Raise

$6,171

Momentum
Funded
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Location

Austin, Texas

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

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 $0 Equity - Common Funded RegD 506(b)
Newchip 10/05/2018 Wefunder $15,000,000 $647,915 SAFE Funded RegCF
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Newchip on Wefunder
$
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000
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