Temple I

Temple I

Early Stage

Invest in a smart-tech student housing development next to Temple University

Invest in a smart-tech student housing development next to Temple University

Overview

Raised this Round: Raised: $217,985

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/03/2022

Close Date

11/30/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,177,750

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

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.

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

Financials as of: 11/03/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Temple I 11/29/2022 Wefunder $1,177,750 $217,985 Equity - Common Funded RegCF
Temple I 11/23/2020 Republic - $360,000 Convertible Note Funded RegCF
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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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