Viva
[Closed for Investment] Viva, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an app that helps renters earn cash back on rent to save, invest, and pursue their financial goals. Viva enables landlords and renters to build wealth side by side by letting landlords use Viva rewards to boost profits by 9%. Michael Barnes founded Viva in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for increased engineering capacity, demand generation, and transitioning from contract support for key roles to full-time hires.
Investment Overview
Raised: $70,000
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 02/21/2024
- Close Date
- 04/29/2024
$50,000
$124,000
$1,000
Equity - Preferred
Series A
RegCF
$0.64
$8,000,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -3.8% YoY
- $88,412
- Monthly Burn
- $35,000
-
Runway
- 24+ months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,107,010
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $8,000,000 | $70,000 | Equity - Preferred | Funded | RegCF |