QuantmRE
Early Stage
Get cash from home equity with no monthly payments, no interest, no added debt.
Overview
Raised: $535,000
Total Commitments ($USD)
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
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,643
# of Investors
845
Momentum
Funded
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Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 02/10/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| QuantmRE | 06/26/2023 | Republic | $15,000,000 | $165,594 | SAFE | Funded | RegCF |
| QuantmRE | 04/21/2022 | Republic | $10,000,000 | $535,000 | SAFE | Funded | RegCF |
| QuantmRE | 09/30/2020 | Republic | $8,000,000 | $181,144 | SAFE | Funded | RegCF |
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