PointerTop

PointerTop

Closed: Apr. 2021

About this raise

PointerTop, with a valuation cap of $4.75 million, is raising funds on Wefunder. The company has developed a patented web platform named CrozTop. The platform allows agents to sell and service customers remotely using the voice and multimedia tools available. Jason Junge and Andrea Jung founded PointerTop in 2015 and have raised over $350,000 since the inception. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $249,000, and the funds will be used for salaries, R&D, operations, and advertising. PointerTop’s technology is founded by a team of MIT and Microsoft veterans and intends to revolutionize sales and support. The platform reported growth at 25% per year pre-COVID and is experiencing flaring of interest post-COVID.

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Investment Overview

Invested this round: $76,638

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
01/13/2021
Close Date
04/30/2021
Min. Goal
$50,000
Max Goal
$249,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$4,275,000

Valuation Cap

$4,750,000

Discount

11%

Company & Team

Company

Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Tempe, Arizona
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jason Junge
Title
CEO

Financials

 Revenue +4,593% YoY
$22,671
 Monthly Burn
$1,239
 Runway
0.4 months
Gross Margin
7%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$22,671

$483

COGS

$21,001

$608

Tax

$225

$0

 

 

Net Income

$-14,869

$-11,761

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$460

$12,532

Accounts Receivable

$0

$0

Total Assets

$247,046

$211,269

Short-Term Debt

$190,110

$135,880

Long-Term Debt

$0

$0

Total Liabilities

$190,110

$135,880

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Wefunder $4,750,000 $76,638 SAFE Funded RegCF
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PointerTop on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,750,000

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