Upside
About this raise
Upside, with a valuation of $10.5 million, is raising funds on Wefunder. The company has developed a partnership platform for independent professional services. Upside makes it easier for freelancers, firms, and consultants to partner with one another and grow by getting and making referrals. The beta trials of Upside were successful, wherein 70 users onboarded another 700 users and generated over $1 million in contract value referred for trailing 30 days. Mike Wilner founded Upside in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for product development, customer acquisition, sales, and marketing.
Investment Overview
Invested : $77,350
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 05/22/2024
- Close Date
- 09/13/2024
$50,000
$100,000
$1,000
SAFE
Seed
RegCF
$10,500,000
0%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $28,173
- Monthly Burn
- $38,000
-
Runway
- 2.1 months
- Gross Margin
- 99%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $582,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/13/2024 | Wefunder | $10,500,000 | $77,350 | SAFE | Funded | RegCF |