System2
About this raise
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.
Investment Overview
Invested : $114,500
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/03/2022
- Close Date
- 12/28/2022
$50,000
$750,000
$100
SAFE
Early Stage
RegCF
$15,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Fitness & Wellness
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- San Francisco, California
- Company Website
-
Visit Website
Team
- Employees
- 9
Financials
-
Revenue
-
$0
as of FY2021
- Monthly Burn
-
$17,314
as of FY2021
-
Runway
-
2.8 months
as of FY2021
- Gross Margin
-
84%
as of FY2021
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/28/2022 | Wefunder | $15,000,000 | $114,500 | SAFE | Funded | RegCF |