Orthogonal

Orthogonal

Early Stage

A socially conscious holding company.

A socially conscious holding company.

Overview

Raised to Date: Raised: $376,948

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/08/2018

Close Date

01/19/2019

Min. Goal
$50,000
Max. Goal
$944,534
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,100,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2018

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 02/21/2019 Wefunder $21,000,000 $548,270 Equity - Preferred Funded RegCF
Orthogonal 01/18/2019 Wefunder $15,100,000 $376,948 SAFE Funded RegCF
Orthogonal 04/29/2018 Wefunder $12,200,000 $214,302 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Orthogonal on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $15,100,000

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