Queer Spaces
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.
Investment Overview
Invested : $217,375
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/04/2022
- Close Date
- 11/12/2022
$100,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$8,000,000
0%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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Analyst Report
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 |