WebJoint (2022)

WebJoint (2022)

About this raise

WebJoint, with a valuation of $44.4 million, is raising funds on StartEngine. The company has developed a cannabis delivery software that serves over one-third of the licensed cannabis deliveries in California. The direct-to-consumer infrastructure of WebJoint streamlines the process of buying, selling, and delivering cannabis. WebJoint has processed $244 million worth of orders in four states and continues to expand its operations to the other legalized cannabis states. Christopher Dell’Olio founded WebJoint in 2015. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1,000,073. The campaign proceeds will be used to continue innovating the delivery software niche and enter additional markets.

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Investment Overview

Invested this round: $232,217

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/03/2022
Close Date
10/03/2022
Min. Goal
$9,998
Max Goal
$1,000,073
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.70

Pre-Money Valuation

$44,377,027

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Sherman Oaks, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Christopher Dell'Olio
Title
CEO
Founder Name
Hilart Abrahamian
Title
COO

Financials

 Revenue +74% YoY
$815,966
 Monthly Burn
Profitable
 Cash on Hand
$357,455
 Gross Margin
85%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$815,966

$468,683

COGS

$123,765

$80,703

Tax

$0

$0

 

 

Net Income

$434,698

$306,143

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$357,455

$14,034

Accounts Receivable

$0

$0

Total Assets

$373,276

$15,804

Short-Term Debt

$0

$83,728

Long-Term Debt

$0

$0

Total Liabilities

$0

$83,728

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$991,783
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/03/2022 StartEngine $44,377,027 $232,217 Equity - Common Funded RegCF
12/14/2021 StartEngine $44,349,307 $950,002 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
WebJoint on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $44,377,027
Price per Share: $3.70

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Follow WebJoint on StartEngine 2022

Buy WebJoint's Deal Report

Warning: according to the close date for this deal, WebJoint may no longer be accepting investments.

WebJoint Deal Report

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