QuantConnect

QuantConnect

Closed: Nov. 2022

About this raise

QuantConnect, with a valuation of $44.4 million, is raising funds on Wefunder. The company has developed a platform to make quant investing simple, affordable, and accessible. The QuantConnect trading platform combines programming, analysis, and data science to help investors trade with quantitative strategies. QuantConnect has 1,500 paying clients and reached $1 million in revenue in 2021. Jared Broad founded QuantConnect in January 2013. The current crowdfunding campaign has a minimum target of $50,004 and a maximum target of $4,999,999. The campaign proceeds will be used for engineering and development, education and sales outreach, and hiring.

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Investment Overview

Invested this round: $1,158,479

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/07/2022
Close Date
11/26/2022
Min. Goal
$50,004
Max Goal
$4,999,999
Min. Investment

$100

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.25

Early Bird Valuation

$39,399,926

Pre-Money Valuation

$44,449,375

Company & Team

Company

Year Founded
2013
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Lewes, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Jared Broad
Title
CEO

Financials

 Revenue +189% YoY
$1,000,000
 Monthly Burn
$83,714
 Runway
9.2 months
 Gross Margin
40%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$893,982

$345,734

COGS

$540,677

$457,608

Tax

$0

$0

 

 

Net Income

$-1,004,568

$-1,676,200

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$772,666

$1,561,713

Accounts Receivable

$0

$0

Total Assets

$1,102,295

$1,961,782

Short-Term Debt

$149,367

$44,486

Long-Term Debt

$0

$0

Total Liabilities

$149,367

$44,486

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/26/2022 Wefunder $44,449,375 $1,158,479 Equity - Preferred Funded RegCF
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Add to portfolio
QuantConnect on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $44,449,375
Price per Share: $6.25

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