Propeller
About this raise
Propeller, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a social marketing platform to create social impact at scale. The platform taps into the culture to drive action and advocates for causes that people are fired up about. The digital marketing platform of Propeller is community funded and helps build movements for change. Propeller has generated $3.1 million in revenue to date, with a 400% increase in revenue from 2021 to 2022. Brandon Deroche founded Propeller in August 2015. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $990,902. The campaign proceeds will be used for platform improvements, technology development, staffing, and marketing.
Investment Overview
Invested : $149,280
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/22/2022
- Close Date
- 01/12/2023
$50,001
$990,902
$250
Equity - Preferred
Growth Stage
RegCF
$2.54
$8,009,014
$10,021,131
Company & Team
Company
- Year Founded
- 2015
- Industry
- Marketing & Advertising
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +84% YoY
- $1,033,046
- Monthly Burn
- $5,805
-
Runway
- 24+ months
- Gross Margin
- 93%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $108,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/12/2023 | Wefunder | $10,021,131 | $149,280 | Equity - Preferred | Funded | RegCF |