Unpluq

Unpluq

Closed: Feb. 2025

About this raise

Unpluq, with a valuation of $5.6 million, is raising funds on Wefunder. The company has developed an app that helps people reverse unhealthy digital habits. Unpluq makes phones less addictive by controlling excessive screen time and constant phone pickups and putting power back in the hands of the users to decide when to use an app and when to enjoy life. The company has an annual run rate of $225,000 and reported a 649% monthly recurring revenue growth from 2023 to 2024. Caroline Cadwell and Jorn Rigter founded Unpluq in August 2024. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $850,000. The campaign proceeds will be used for salaries, operations, cost of goods, marketing, and research and development.

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Investment Overview

Invested this round: $105,700

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
09/24/2024
Close Date
02/28/2025
Min. Goal
$50,000
Max Goal
$850,000
Min. Investment

$250

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,600,000

Discount

20%

Company & Team

Company

Year Founded
2024
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Dover, Delaware
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Caroline Cadwell
Title
CEO
Founder Name
Jorn Rigter
Title
CTO

Financials

 Revenue
$43,776
as of FY2023
 Monthly Burn
$14,231
as of Sep '24
 Runway
1.3 months
as of Sep '24
 Gross Margin
88%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$43,776

$9,631

COGS

$5,276

$6,352

Tax

$0

$0

 

 

Net Income

$-246,526

$-252,464

Summary Balance Sheet

FY 2023 FY 2022

Cash

$85,112

$51,272

Accounts Receivable

$-16,953

$20,460

Total Assets

$109,318

$58,836

Short-Term Debt

$442,716

$365,033

Long-Term Debt

$227,669

$17,337

Total Liabilities

$670,385

$382,370

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$705,850
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2025 Wefunder $5,600,000 $105,700 SAFE Funded RegCF
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Add to portfolio
Unpluq on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $5,600,000

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Follow Unpluq on Wefunder 2024

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Warning: according to the close date for this deal, Unpluq may no longer be accepting investments.

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