System2

Early Stage

Turning fitness creators into BIG subscription businesses

Overview

Raised to Date: Raised: $114,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/03/2022

Close Date

12/28/2022

Min. Goal

$50,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2023

Days Remaining
Funded
% of Min. Goal

229%

% of Max. Goal

15%

Likelihood of Max
Funded
Avg. Daily Raise

$1,331

# of Investors

11

Momentum
Funded
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Location

San Francisco, California

Industry

Fitness & Wellness

Tech Sector

HealthTech

System2, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a platform to bring fitness and wellness coaching to people and turn fitness creators into big subscription businesses. The single and intuitive platform of System2 provides fitness creators access to every essential business tool to build and nurture their business. System2 is led by an experienced team and has reported a 50-70% growth in month-over-month sales. Dilan Dane and Yuran Lu founded System2 in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for hiring, marketing, and expanding the engineering team.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$19,251

$32,844

COGS

$3,093

$34,783

Tax

$0

$0

 

 

Net Income

$-207,766

$-1,232,367

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$47,709

$309,808

Accounts Receivable

$99

$1,104

Total Assets

$523,454

$725,176

Short-Term Debt

$45,960

$39,916

Long-Term Debt

$3,085,000

$3,085,000

Total Liabilities

$3,130,960

$3,124,916

Financials as of: 10/03/2022
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System2 on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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