QuantConnect
Growth Stage
Leveling the quant playing field for independent investors
Overview
Raised: $1,158,479
Total Commitments ($USD)
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
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$6.25
Early Bird Valuation
$39,399,926
Pre-Money Valuation
$44,449,375
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$14,481
# of Investors
444
Momentum
Funded
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Year Founded
2013
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 09/07/2022
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