Overview

Raised to Date: Raised: $850,334

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/21/2022

Close Date

09/30/2022

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$1.46

Pre-Money Valuation

$20,000,000

Venture Capital Investors:

Mucker Capital

Gaingels

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/01/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$12,148

# of Investors

403

Momentum

Funded

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Tribevest

Year Founded

2016

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Columbus, Ohio

Business Type

High Growth

Company Website

Tribevest, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a platform to democratize group investing. The platform helps to collaborate, formalize, pool capital, and manage investor partnerships. The platform is safe, easy, and transparent and enables people to create pool capital confidently and invest in any asset class. Tribevest has over 15,000 investors who have deployed over $30 million in capital. Travis Smith and Zach Bowers founded Tribevest in August 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for product development, hiring, and operations.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$175,599	$3,501
COGS	$87,379	$1,565
Tax	$0	$0
Net Income	$-1,057,821	$-436,309

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$1,853,199	$174,952
Accounts Receivable	$0	$0
Total Assets	$1,916,016	$209,952
Short-Term Debt	$1,698,814	$451,111
Long-Term Debt	$57,027	$970,546
Total Liabilities	$1,755,841	$1,421,657

Financials as of: 07/21/2022

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Tribevest Founder Travis Smith on Building Wealth as a Group

Through investment clubs, individual investors can pool funds and grow wealth as a group. Group activities can get complicated, though — especially with money involved. Bad management and poor communication can make investment clubs difficult and stressful.

Tribevest aims to make group investing a viable option. Tribevest is a one-stop platform for smooth and transparent group investing. Everyday investors can pool capital, invest in whatever asset class they choose, and stay connected and organized. We reached out to Tribevest co-founder and CEO Travis Smith to learn about his own group investing experience and upcoming product features.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview