Place
Growth Stage
Solve costly revenue challenges by bringing Sales, Revenue, Billing and Finance together
Overview
Raised: $67,690
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/12/2023
Close Date
02/09/2024
Min. Goal
$50,000
Max. Goal
$418,800
Min. Investment
$100
Security Type
Convertible Note
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
68
% of Min. Goal
135%
% of Max. Goal
16%
Likelihood of Max
Avg. Daily Raise
$1,302
# of Investors
15
Momentum
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Place, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a finance platform, PlaceCPM, to connect the elements of a company’s current and future financial data and provide tools for efficient financial forecasting, reporting, and workforce planning. Place is solving revenue operations (RevOps) in Salesforce and breaking down silos between departments by making each team accountable for revenue. The platform has grown its user base and reported a 64% growth in year-over-year revenue in 2023. Brandon Metcalf founded Place in August 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $418,800. The campaign proceeds will be used for sales pipeline generation, customer conversion, and product development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$922,481 |
$1,055,627 |
|
COGS |
$219,683 |
$91,244 |
|
Tax |
$44,480 |
$11,127 |
| ||
| ||
|
Net Income |
$-3,416,029 |
$-2,686,537 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$532,252 |
$410,273 |
|
Accounts Receivable |
$335,700 |
$140,245 |
|
Total Assets |
$1,138,627 |
$747,147 |
|
Short-Term Debt |
$599,215 |
$411,187 |
|
Long-Term Debt |
$3,880,217 |
$252,500 |
|
Total Liabilities |
$4,479,432 |
$663,687 |
Financials as of: 10/12/2023
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