Staax
About this raise
Staax, with a valuation of $25 million, is raising funds on Wefunder. The company has developed a platform to make investing social through fractional shares of stock. The platform enables peer-to-peer payments along with allowing users to transact through investments in a social way. Staax has a strong social media presence and has a waitlist of over 12,000 people since its opening. Nikki Varanasi, Lucy Yang, and Victoria Yang founded Staax in July 2021. 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 product development, hiring, and growth marketing.
Investment Overview
Invested : $97,100
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/27/2023
- Close Date
- 04/10/2023
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2021
- Monthly Burn
-
$2,354
as of FY2021
-
Runway
-
24+ months
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,800,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/10/2023 | Wefunder | $25,000,000 | $97,100 | SAFE | Funded | RegCF |