TeamUp
About this raise
TeamUp, with a valuation of $25 million, is raising funds on Republic. The company has developed a banking solution for student athletes and athletic programs. The solution helps student athletes take control of their spending, build and maintain a credit score, and gain financial education, along with helping coaches facilitate team budgeting and athletic directors distribute funds digitally. TeamUp simplifies team finances and is being used by a top 20 University. Alan Akina founded TeamUp in March 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, sales and marketing, and new hires.
Investment Overview
Invested : $267,400
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 06/22/2023
- Close Date
- 08/22/2023
$25,000
$1,235,000
$500
SAFE
Early Stage
RegCF
$25,000,000
20%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$0
as of FY2022
- Monthly Burn
-
$46,320
as of FY2022
-
Runway
-
12.9 months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,710,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/22/2023 | Republic | $25,000,000 | $267,400 | SAFE | Funded | RegCF |