Orthogonal


About this raise: 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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Investment Overview

Invested this round: $376,948

Deal Terms

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    Open SEC Filing

Valuation Cap

$15,100,000

Discount

0%

Company & Team

Company

Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Location
Kihei, Hawaii
Company Website
Visit Website

Team

Employees
2

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/22/2019 Wefunder $21,000,000 $548,270 Equity - Preferred Funded RegCF
01/19/2019 Wefunder $15,100,000 $376,948 SAFE Funded RegCF
04/30/2018 Wefunder $12,200,000 $214,302 SAFE Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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

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Warning: according to the close date for this deal, Orthogonal may no longer be accepting investments.

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