Synthesis

Synthesis

Closed: Aug. 2022

About this raise: Synthesis, valued at $350 million, is raising funds on Wefunder. The company has developed an education platform that uses collaborative games paired with complex mental models to challenge young thinkers. The platform enables students between 6 and 14 years of age to join a cohort and meet once a week to play novel and complex games. Synthesis helps young students to work together effectively and solve problems together. Joshua Dahn and Chrisman Frank founded Synthesis in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for hiring and general corporate purposes.

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Investment Overview

Invested this round: $2,987,382

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/23/2022
Close Date
08/05/2022
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$350,000,000

Discount

0%

Company & Team

Company

Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
West Hollywood, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
29
Prior Founder Exits?
No
Founder Name
Chrisman Frank
Title
CEO
Founder Name
Joshua Dahn
Title
Creative Director and Co-Founder

Financials

 Revenue +2,088% YoY
$2,936,743
 Monthly Burn
$413,840
 Runway
24+ months
Gross Margin
51%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,936,743

$134,243

COGS

$1,424,842

$53,512

Tax

$0

$0

 

 

Net Income

$-4,966,078

$-93,921

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,249,091

$19,120

Accounts Receivable

$0

$0

Total Assets

$11,195,412

$39,530

Short-Term Debt

$746,276

$133,367

Long-Term Debt

$10,108,889

$0

Total Liabilities

$10,855,165

$133,367

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$15,198,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/05/2022 Wefunder $350,000,000 $2,987,382 SAFE Funded RegCF
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Add to portfolio
Synthesis on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $350,000,000

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