TipBrightly

TipBrightly

[Closed for Investment] TipBrightly, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an app to make cashless tipping easy, fast, and hassle-free. The app is purpose-built for hospitality and enables users to leave a tip to reward good service even when they don’t have cash. TipBrightly is a win-win for employers and employees as it enables a positive service experience, higher earnings for employees, and higher retention for employers. Elle Rustique founded TipBrightly in September 2015. 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 marketing, sales, product development, and optimizing sales processes.

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Investment Overview

Raised this Round: Raised: $85,400

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/24/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$9,000,000

Discount

10%

Company & Team

Company

Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Mountain View, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Elle Rustique
Title
CEO

Financials

 Revenue +54% YoY
$25,475
 Monthly Burn
$2,283
 Runway
9.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,475

$16,584

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-27,401

$-31,364

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,738

$5,893

Accounts Receivable

$2,963

$354

Total Assets

$81,583

$55,093

Short-Term Debt

$25,777

$1,039

Long-Term Debt

$0

$0

Total Liabilities

$25,777

$1,039

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$138,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $9,000,000 $85,400 SAFE Funded RegCF
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TipBrightly on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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