VEL
Early Stage
VEL is a premium utopian tech forward work cafe
Overview
Raised: $1,686,541
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/23/2022
Close Date
05/27/2022
Min. Goal
$50,000
Max. Goal
$2,000,000
Min. Investment
$250
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.68
Early Bird Valuation
$6,213,313
Pre-Money Valuation
$9,000,050
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$13,712
# of Investors
86
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
VEL, with a valuation of $9 million, is raising funds on Wefunder. It is a tech-forward work cafe that helps people work at the speed of life. The work cafe is premium and utopian and is most suitable for the new generation of workers, including freelancers. VEL is led by an experienced team and is opening its first location in Savannah’s historic district. Mo Hamzian and Jack Gunn founded VEL in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2,000,000. The campaign proceeds will be used for marketing, working capital, purchasing furniture and equipment, and opening more work cafes.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-80,981 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$455,316 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$522,572 |
$0 |
|
Short-Term Debt |
$17,892 |
$0 |
|
Long-Term Debt |
$18,062 |
$0 |
|
Total Liabilities |
$35,954 |
$0 |
Financials as of: 01/23/2022
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