VEL

Early Stage

VEL is a premium utopian tech forward work cafe

Analytics

Raised to Date: Raised: $1,686,541

Aggregate Commitments $

Platform

Wefunder

Start Date

01/24/2022

Close Date

05/27/2022

Min. Goal

$50,000

Max. Goal

$2,000,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$0.68

Pre-Money Valuation

$9,000,050

Rolling Commitments $

Status
Funded
Reporting Date

05/31/2022

Days Remaining
Funded
% of Min. Goal

3,373%

% of Max. Goal

84%

Likelihood of Max
Funded
Avg. Daily Raise

$13,712

Momentum
Funded
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Location

Fernandina Beach, Florida

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

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: 01/24/2022
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VEL on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,000,050

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