Orthogonal
Early Stage
A socially conscious holding company.
Overview
Raised: $376,948
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/09/2018
Close Date
01/19/2019
Min. Goal
$50,000
Max. Goal
$944,534
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$15,100,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2018
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,943
# of Investors
457
Momentum
Funded
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Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Location
Kihei, Hawaii
As founder David Nikzad puts it, “Orthogonal is a holding company and ecosystem that unites the desire to make money with doing good for the planet and society.” Orthogonal controls equity stake in companies that have the goal of serving the greater good and truly helping the world we live in. Then, in return, Orthogonal gets operational resources, a management ecosystem, and mentorship. They help catapult companies to success by “providing them with a monetization strategy, operational support, compliance / regulatory guidance and connect them with our investor network.” They were one of the first pre-institutional investors in Betterment in 2009, which is now valued at $800M and manages over $13B in assets, and they currently have 28 companies rolled up under their holdings. Plus, they were already able to raise $251,000 from 240 Wefunder investors in May 2018.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Orthogonal | 02/22/2019 | Wefunder | $21,000,000 | $548,270 | Equity - Preferred | Funded | RegCF |
| Orthogonal | 01/19/2019 | Wefunder | $15,100,000 | $376,948 | SAFE | Funded | RegCF |
| Orthogonal | 04/30/2018 | Wefunder | $12,200,000 | $214,302 | SAFE | Funded | RegCF |
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