Simple Switch
About this raise
Simple Switch, with a valuation of $6 million, is raising funds on Wefunder. It is an ethical online shopping platform with social and environmental impact. Simple Switch is also called ‘Amazon with a heart’ and makes conscious consumption simple for customers by being good for people and the planet. The platform sells over 4,000 sustainable and ethical products and works on B2B sales and consumer subscriptions with monthly recurring revenues. Rachel Kois founded Simple Switch in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for hiring, payroll, and digital marketing.
Investment Overview
Invested : $88,970
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/14/2022
- Close Date
- 04/12/2023
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$5,000,000
$6,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $26,541
- Monthly Burn
- $1,004
-
Runway
- 10.3 months
- Gross Margin
- 25%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/12/2023 | Wefunder | $6,000,000 | $88,970 | SAFE | Funded | RegCF |