Tribevest

Early Stage

The future of group investing is here

Analytics

Raised to Date: Raised: $792,405

Aggregate Commitments $

Platform

Wefunder

Start Date

07/22/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$1.46

Pre-Money Valuation

$20,000,000

Rolling Commitments $

Status

Active

Reporting Date

08/14/2022

Days Remaining

259

% of Min. Goal

1,585%

% of Max. Goal

79%

Likelihood of Max
extremely
Avg. Daily Raise

$34,452

Momentum
warm.svg
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Location

Columbus, Ohio

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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: 07/22/2022
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Tribevest on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,000,000

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