Queer Spaces

Queer Spaces

Closed: Nov. 2022

About this raise

Queer Spaces, with a valuation of $8 million, is raising funds on Wefunder. It is a queer app that spans the entire spectrum of over 400 million LGBTQ+ people. The app creates a safe digital space for queer people to find their space without any discrimination. The app, Spaces, allows users to discover other LGBTQ+ people authentically and chat with them over shared interests. Queer Spaces launched its MVP in March 2022 and has been growing at 80-400% per month. Christof Wittig founded Queer Spaces in July 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used for the engineering and marketing teams and marketing.

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Investment Overview

Invested this round: $217,375

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/04/2022
Close Date
11/12/2022
Min. Goal
$100,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Los Angeles, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
Yes
Founder Name
Christof Wittig
Title
CEO

Financials

 Revenue
$0
 Cash on Hand
$45

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45

$0

Accounts Receivable

$0

$0

Total Assets

$45

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Analyst Report Analyst Report Methodology Article

The Queer Spaces app serves as a safe place to appreciate and nurture queer culture. The niche need for this app is clear. Very few social networking sites focus exclusively on the queer community. Even among queer-designated apps, Queer Spaces stands out out for targeting the entire umbrella of queer identities. Historically, queer apps like Grindr have focused solely on gay men. 

Queer Spaces is a very promising and necessary project. But whether or not the company will make a strong addition to an investor portfolio depends on its ability to overcome some big hurdles. 

Company Funding & Growth

Funding history

Total Prior Capital Raised
$310,045
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/12/2022 Wefunder $8,000,000 $217,375 SAFE Funded RegCF
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Add to portfolio
Queer Spaces on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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Follow Queer Spaces on Wefunder 2022

Buy Queer Spaces's Deal Report

Warning: according to the close date for this deal, Queer Spaces may no longer be accepting investments.

Queer Spaces Deal Report

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  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Queer Spaces is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

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