This company is no longer in business. Investors can get details about any potential exits or failures here.

Rake

Rake

Early Stage

Rake is a universal messaging platform for enterprises to small businesses.

Rake is a universal messaging platform for enterprises to small businesses.

Overview

Raised to Date: Raised: $87,431

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/24/2022

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$12,600,000

Valuation Cap

$14,000,000

Discount

10%

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

$920

# of Investors

44

Momentum
Funded
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Flossmoor, Illinois

Business Type

Growth

Rake, with a valuation of $14 million, is raising funds on Wefunder. The company has developed a messaging platform for small businesses and enterprises. The messaging platform is omnichannel and highly manageable and works for person-to-person, person-to-application, application-to-person, and application-to-application messaging. Rake added 1,184 workspaces between March and May 2021 and averages 18 daily signups. Andy Weeks and Mike Brown founded Rake in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for hiring developers, ppc marketing, and hiring support heads.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$17,521

$6,055

COGS

$10,407

$0

Tax

$0

$0

 

 

Net Income

$-966,829

$-938,485

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,307

$403

Accounts Receivable

$10,000

$55

Total Assets

$18,307

$458

Short-Term Debt

$108,836

$55,665

Long-Term Debt

$2,262,348

$1,330,840

Total Liabilities

$2,371,184

$1,386,505

Financials as of: 01/24/2022
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Rake on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $14,000,000

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