QuantmRE (2022)

About this raise

QuantmRE, with a valuation of $10 million, is raising funds on Republic. The real estate finance platform allows homeowners to access their home equity and get cash from it without any interest, monthly payments, or added debt. QuantmRE originates and funds a Home Equity Agreement, which is an equity-based solution and not a reverse mortgage, loan, or line of credit. Matthew Sullivan and Dave Sterlitz founded QuantmRE in December 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for further R&D of technologies, hiring and operations, marketing, and other expenses.

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Investment Overview

Invested this round: $535,000

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/10/2022
Close Date
04/21/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$150

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Newport Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Matthew Sullivan
Title
CEO

Financials

 Revenue +316% YoY
$32,946
 Monthly Burn
$16,193
 Runway
6.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$32,946

$8,006

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-194,310

$-414,626

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$103,673

$21,167

Accounts Receivable

$0

$77

Total Assets

$212,006

$179,827

Short-Term Debt

$255,221

$911,037

Long-Term Debt

$0

$0

Total Liabilities

$255,221

$911,037

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/26/2023 Republic $15,000,000 $165,594 SAFE Funded RegCF
04/21/2022 Republic $10,000,000 $535,000 SAFE Funded RegCF
09/30/2020 Republic $8,000,000 $181,144 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

Add to portfolio
QuantmRE on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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Follow QuantmRE on Republic 2022

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