[Closed for Investment] Sweater, with a valuation of $48.49 million, is raising funds on StartEngine. It is a venture capital fund that invests in various asset classes to empower the founders and companies. Sweater pools the capital of its members and invests it into emerging technology and product companies looking for growth. The company has an expertly crafted portfolio and requires a minimum investment of only $500. Sweater’s pioneer fund, Cashmere, was launched in June 2022 and has attracted 5,500 investors and deployed capital into 33 startups. Jesse Randall, Chad Lewkowski, and Matthew Klein founded Sweater in October 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for technology, sales and marketing, team, fund ops, and overhead expenses.
Investment Overview
Raised: $541,470
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 03/19/2024
- Close Date
- 11/04/2024
$14,981
$1,086,762
$178
Equity - Preferred
Series A
RegCF
$35.50
$48,486,788
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $19,533,492
- VC Backed?
- Yes
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.