OpenGrants
About this raise
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.
Investment Overview
Invested : $160,551
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/07/2022
- Close Date
- 04/12/2022
$50,000
$750,000
$100
SAFE
Early Stage
RegCF
$7,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
-
Revenue
- $60,095
- Monthly Burn
- $38,323
-
Runway
- 0.2 months
- Gross Margin
- 63%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/12/2022 | Wefunder | $7,000,000 | $160,551 | SAFE | Funded | RegCF |