Sircles (2025)
About this raise
Sircles, with a valuation of $40 million, is raising funds on Wefunder. It is a social recommendation app that combines Yelp and Facebook, minus the negativity. Sircles’ unique features and safeguards allow it to stand out, capture a network effect, and reward good behavior. The app has had more than 75,000 check-ins with over 30,000 unique small businesses favorited on it and generated $100,000 in revenue in 2024. John Worthington, Todd Fiore, and Daniel Hinkle founded Sircles in February 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $3.9 million. The campaign proceeds will be used for product development, maintenance and improvement of the app, user acquisition, marketing, and legal and administrative costs.
Investment Overview
Committed : $500,183
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 04/08/2025
- Close Date
- 08/08/2025
$100,000
$3,923,089
$250
SAFE
Growth Stage
RegCF
$30,000,000
$40,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$106,513
as of FY2024
- Monthly Burn
-
$131,740
as of Apr '25
-
Runway
-
2.7 months
as of Apr '25
- Gross Margin
-
50%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $9,132,794
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/08/2025 | Wefunder | $40,000,000 | $500,183 | SAFE | Active | RegCF |
| 04/19/2024 | Wefunder | $40,000,000 | $2,354,284 | SAFE | Funded | RegCF |
| 04/15/2022 | Wefunder | $23,000,000 | $2,701,066 | SAFE | Funded | RegCF |
| 11/13/2020 | Wefunder | $11,000,000 | $1,070,000 | SAFE | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.