Vengreso
About this raise
Vengreso, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a text expansion tool called FlyMSG. FlyMSG is used by business owners, entrepreneurs, human resource professionals, and many others to build out messages and deploy them anywhere online. Vengreso is disrupting the productivity management software market and reported a 2,900% user growth in twelve months through word of mouth. Mario Martinez Jr. and Viveka Von Rosen founded Vengreso in April 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, hiring, and technical development.
Investment Overview
Invested : $148,508
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/25/2022
- Close Date
- 03/23/2023
$50,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$7,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +4% YoY
- $884,231
- Monthly Burn
- Profitable
-
Cash on Hand
- $390,524
- Gross Margin
- 82%
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Analyst Report
Writing emails, office memos and other work-related content can get tedious. Searching, copying, and pasting takes precious minutes every day that compound into hours every week. Vengreso aims to make this process more efficient with its productivity tool, but its execution leaves something to be desired.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $85,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/23/2023 | Wefunder | $7,000,000 | $148,508 | SAFE | Funded | RegCF |