QuantmRE

QuantmRE

Early Stage

Making home equity accessible, investible, and tradable on the blockchain

Making home equity accessible, investible, and tradable on the blockchain

Overview

Raised this Round: Raised: $165,594

Total Commitments ($USD)

Platform

Republic

Start Date

04/27/2023

Close Date

06/26/2023

Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

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

QuantmRE, with a valuation of $15 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 $25,000 and a maximum target of $618,000. The campaign proceeds will be used for sales and marketing, legal and regulatory expenses, technology development, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$131,667

$141,824

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-452,846

$-239,898

Summary Balance Sheet

FY 2022 FY 2021

Cash

$197,110

$25,315

Accounts Receivable

$47,860

$0

Total Assets

$253,303

$83,648

Short-Term Debt

$41,959

$66,761

Long-Term Debt

$1,121,100

$507,605

Total Liabilities

$1,163,059

$574,366

Financials as of: 04/27/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
QuantmRE 06/25/2023 Republic $15,000,000 $165,594 SAFE Funded RegCF
QuantmRE 04/20/2022 Republic $10,000,000 $535,000 SAFE Funded RegCF
QuantmRE 09/29/2020 Republic $8,000,000 $181,144 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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QuantmRE on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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