Viva

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.

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Investment Overview

Raised this Round: Raised: $70,000

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/21/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.64

Pre-Money Valuation

$8,000,000

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Edinburg, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Michael Barnes
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue -3.8% YoY
$88,412
 Monthly Burn
$35,000
 Runway
24+ months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$88,412

$91,943

COGS

$0

$0

Tax

$29,480

$15,294

 

 

Net Income

$-223,253

$-12,570

Summary Balance Sheet

FY 2022 FY 2021

Cash

$33,590

$47,430

Accounts Receivable

$0

$0

Total Assets

$33,590

$47,430

Short-Term Debt

$2,034

$2,588

Long-Term Debt

$0

$0

Total Liabilities

$2,034

$2,588

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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
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Add to portfolio
Viva on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,000,000
Price per Share: $0.64

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Follow Viva on Wefunder 2024

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