QuantConnect

QuantConnect

Growth Stage

Leveling the quant playing field for independent investors

Leveling the quant playing field for independent investors

Overview

Raised this Round: Raised: $1,158,479

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/06/2022

Close Date

11/26/2022

Min. Goal
$50,004
Max. Goal
$4,999,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.25

Early Bird Valuation

$39,399,926

Pre-Money Valuation

$44,449,375

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

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.

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

Financials as of: 09/06/2022
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QuantConnect on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $44,449,375
Price per Share: $6.25

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