Urvin.Finance

Urvin.Finance

Closed: Dec. 2021

About this raise: Urvin.Finance, with a valuation of $15 million, is raising funds on Wefunder. The company has developed The Terminal, a finance-focused social platform with professional quality data and tools. The platform works for retail investors to facilitate community collaboration and provide financial education. Urvin.Finance brings good data, good tools, quality education, and global engagement for retail investors. Dave Lauer founded Urvin.Finance in June 2021. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $2,500,000. The campaign proceeds will be used for marketing, software development, and software licensing.

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Investment Overview

Invested this round: $1,522,750

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/17/2021
Close Date
12/31/2021
Min. Goal
$500,000
Max. Goal
$2,500,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
San Francisco, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
David Lauer
Title
CEO
Founder Name
Christian Schjølberg
Title
Chief Architect
Founder Name
Zachary David Hoff
Title
CTO
Founder Name
Pete Herzog
Title
Co-Founder

Financials

 Revenue
$0
 Monthly Burn
$100
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,200

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$66

$0

Short-Term Debt

$1,200

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,200

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/28/2022 Wefunder $25,000,000 $438,380 Equity - Preferred Funded RegCF
12/31/2021 Wefunder $15,000,000 $1,522,750 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Urvin.Finance on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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