OpenGrants

Early Stage

A grant search engine and marketplace of independent grant consultants

Analytics

Raised to Date: Raised: $108,651

Aggregate Commitments $

Platform

Wefunder

Start Date

01/07/2022

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

217%

% of Max. Goal

14%

Likelihood of Max
likely
Avg. Daily Raise

$9,054

Momentum
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Location

Folsom, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

OpenGrants, with a valuation of $7 million, is raising funds on Wefunder. It is a grant search engine that makes grant funding efficient, equitable, and accessible. The grant search engine is a comprehensive database of public and private grant funding with features including team collaboration, custom query search, confidence scores, and recommended grants. OpenGrants generated a revenue of $189,000 in 2021 with a 29% month-over-month user growth. Sedale Turbovsky, Hunter Petersen, Pachia Cha, and Cody Hanson founded OpenGrants in September 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing, hiring additional developers, and outsourcing talent.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$60,095

$5,677

COGS

$22,489

$148

Tax

$0

$0

 

 

Net Income

$-459,881

$-102,858

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,820

$10,370

Accounts Receivable

$29,971

$21

Total Assets

$52,699

$11,490

Short-Term Debt

$35,991

$64,901

Long-Term Debt

$530,000

$0

Total Liabilities

$565,991

$64,901

Financials as of: 01/07/2022
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OpenGrants on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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