Temple I (2022)

Temple I (2022)

Closed: Nov. 2022

About this raise

Temple I, with a valuation of $1.18 million, is raising funds on Wefunder. It is a student housing development and coliving incubator for Temple U entrepreneurs. The development covers 10,000 square foot, 17-bedrooms units directly across Temple University. Temple I has 100% occupancy with four master leases and has reported a 150% valuation increase since 2020. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for capital reserves, legal and admin expenses, and marketing properties.

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Investment Overview

Invested this round: $217,985

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/04/2022
Close Date
11/30/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,177,750

Company & Team

Company

Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Martin Braithwaite
Founder Name
Philip Michael
Title
CEO

Financials

 Revenue
$31,689
 Monthly Burn
$1,480
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$31,689

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-17,757

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,559

$14,961

Accounts Receivable

$0

$0

Total Assets

$1,745,819

$1,539,901

Short-Term Debt

$0

$1,176,325

Long-Term Debt

$1,400,000

$0

Total Liabilities

$1,400,000

$1,176,325

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$360,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/30/2022 Wefunder $1,177,750 $217,985 Equity - Common Funded RegCF
11/24/2020 Republic - $360,000 Convertible Note Funded RegCF
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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.

Employee History

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Temple I on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $1,177,750
Price per Share: $1.00

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Follow Temple I on Wefunder 2022

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