QuantmRE
Making home equity accessible, investible, and tradable on the blockchain
Overview
Raised: $97,900
Total Commitments ($USD)
Platform
Republic
Start Date
04/28/2023
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
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
16
% of Min. Goal
392%
% of Max. Goal
16%
Likelihood of Max
Avg. Daily Raise
$2,277
# of Investors
119
Momentum
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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 $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: 04/28/2023
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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 | $97,900 | SAFE | Active | 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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