Phone2

Phone2

Closed: Dec. 2022

About this raise

Phone2, with a valuation of $5 million, is raising funds on Wefunder. The company is creating a collaborative telephone for businesses without hardware. The platform allows teams to collaborate and respond to customers as a team, share phone numbers, and manage calls and texts as a team. The mini CRM of Phone2 also enables teams to chat and take notes under shared contacts. Phone2 is in the post-revenue stage and has over 14,000 people on the waiting list. Andrew Shaker and Dmitrii Poroshkov founded Phone2 in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $700,000. The campaign proceeds will be used for marketing and brand building, expansion of product and technology offerings, and satisfying burn rate and fundraising obligations.

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Investment Overview

Invested this round: $69,093

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/06/2022
Close Date
12/23/2022
Min. Goal
$50,000
Max Goal
$700,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Irvine, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Andrew F. Shaker
Founder Name
Dmitrii Poroshkov
Title
CTO

Financials

 Revenue
$0
 Monthly Burn
$1,417
 Runway
0.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$651

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,998

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$592

$0

Accounts Receivable

$0

$0

Total Assets

$592

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/23/2022 Wefunder $5,000,000 $69,093 SAFE Funded RegCF
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Add to portfolio
Phone2 on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Follow Phone2 on Wefunder 2022

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Warning: according to the close date for this deal, Phone2 may no longer be accepting investments.

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