SPILL
About this raise
SPILL, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a communication platform for visual conversation at the speed of culture. SPILL integrates culture, connection, and commerce and enables individuals to stay current on the latest trends and topics, engage with people and activities that interest them, and earn rewards. The platform was named Apple’s App of the Day in February 2024, one of Fast Company’s Most Innovative Companies of 2024, and has received press coverage on CNN, Time, TechCrunch, Essence, AfroTech, and Inc Mag Cover. George Alphonzo Terrell and Devaris Brown founded SPILL in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for salaries, hiring, infrastructure, customer acquisition, and execution of the product roadmap over the next 18 months.
Investment Overview
Committed : $345,084
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/12/2025
- Close Date
- 04/30/2026
$50,000
$1,235,000
$100
SAFE
Growth Stage
RegCF
$20,000,000
0%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$235,557
as of FY2024
- Monthly Burn
-
$119,000
as of Jan '25
-
Runway
-
2.1 months
as of Jan '25
- Gross Margin
-
96%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,312,500
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2026 | Wefunder | $20,000,000 | $345,084 | SAFE | Active | RegCF |