Orthogonal

Orthogonal

Early Stage

The Berkshire Hathaway of socially conscious capitalism.

The Berkshire Hathaway of socially conscious capitalism.

Overview

Raised to Date: Raised: $214,302

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/25/2018

Close Date

04/30/2018

Min. Goal
$71,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,200,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/05/2018

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,402

# of Investors

246

Momentum
Funded
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Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Location

Kihei, Hawaii

Who Should Be Interested:
Are you interested in investing….but also interested in making a difference and helping the world? If that sounds like you, then Orthogonal could be the investment you’ve been waiting for. They’re a holding company with the mission of changing the world, one incubator and startup at a time.

The Company:
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 are currently incubating seven seed-stage companies. They’ve also signed a term sheet for a Pharma ICO and are launching their own ICO in the spring of 2018 to provide blockchain solutions to benefit all of their holdings.

The Bottom Line:
Orthogonal wants to make a difference. They’re engaging investors and incubating startups who see the benefit of doing good, and helping them succeed. Orthogonal is living up to its name...by providing the right angles needed to the holding and investment world.
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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: $12,200,000

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