Tribevest
About this raise
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.
Investment Overview
Invested : $850,334
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/22/2022
- Close Date
- 09/30/2022
$50,000
$1,000,000
$100
Equity - Preferred
Early Stage
RegCF
$1.46
$20,000,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $175,599
- Monthly Burn
- $88,152
-
Runway
- 21 months
- Gross Margin
- 50%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,885,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/30/2022 | Wefunder | $20,000,000 | $850,334 | Equity - Preferred | Funded | RegCF |
Founder Interview
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.