Thryv

Thryv

Closed: Apr. 2023

About this raise

Thryv, with a valuation of $12 million, is raising funds on Wefunder. The company has developed a platform to transform the mortgage market with its advanced loan servicing. The loan servicing platform is borrower-centric and cloud-based and helps to reduce fallout for loan servicers. Thryv generates revenue by offering subscriptions to its SaaS-based technology platform and plans to develop partnerships with organizations to offer value-added services to borrowers. Christian Rotter founded Thryv in July 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for product innovation, technology development, finance and operations, general and administrative expenses, and legal and regulatory fees.

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Investment Overview

Invested this round: $83,419

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/09/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$10,000,000

Valuation Cap

$12,000,000

Discount

10%

Company & Team

Company

Year Founded
2022
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Christian Rotter
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$23,005
 Runway
21.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-276,063

$-5,757

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$491,875

$33,581

Accounts Receivable

$34,000

$0

Total Assets

$663,242

$40,488

Short-Term Debt

$28,242

$3,425

Long-Term Debt

$911,001

$37,000

Total Liabilities

$939,243

$40,425

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$911,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $12,000,000 $83,419 SAFE Funded RegCF
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Add to portfolio
Thryv on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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Follow Thryv on Wefunder 2022

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