OpenRounds
About this raise
OpenRounds, with a valuation of $25 million, is raising funds on Wefunder. The company has developed a platform that functions as an online travel agent for the golf industry. OpenRounds’ platform, UpriseGolf, makes booking tee times seamless and delivers private golf accommodations. The platform has a loyal customer base and currently serves 500 club partners and 40,000 verified private golf households. Jonathan Wyeth and Deke Smith founded OpenRounds in August 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used to hire sales and operations team members.
Investment Overview
Committed : $5,200
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 11/12/2024
- Close Date
- 05/31/2025
$50,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -54.2% YoY
-
$158,627
as of FY2024
- Monthly Burn
-
$34,000
as of Oct '24
-
Runway
-
0.6 months
as of Oct '24
- Gross Margin
-
42%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,911,907
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/31/2025 | Wefunder | $25,000,000 | $5,200 | SAFE | Active | RegCF |