[Closed for Investment] Sircles, with a valuation cap of $11 million, is raising funds on Wefunder. It is a social recommendation app that combines Yelp and Facebook, minus the negativity. The unique features and safeguards of the app allow it to stand out, capture a network effect, and reward good behavior. John Worthington, Todd Fiore, Danny Hinkle, and Paul Buendia founded Sircles in 2019 and have raised over $1.1 million since the founding. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $1,070,000, and the funds will be used for product development, business development, marketing, and legal and professional expenses. Sircles maxed out its beta-tester program at 3,000, and its 30-day retention was maintained at 80% for eight consecutive months.
Investment Overview
Raised: $1,070,000
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 10/16/2020
- Close Date
- 11/13/2020
$100,000
$1,070,000
$250
SAFE
Seed
RegCF
$11,000,000
10%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
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.