Wefunder

Wefunder

Growth Stage

Angel investing for everyone

Angel investing for everyone

Overview

Raised to Date:
$1,459,037 - RegCF
$2,760,843 - Total

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/29/2022

Close Date

11/01/2022

Min. Goal
$50,002
Max. Goal
$4,999,997
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$3.58

Pre-Money Valuation

$290,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$22,797

# of Investors

2,128

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2012

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

High Growth

Wefunder, with a valuation of $290 million, is raising funds on Honeycomb. The crowdfunding platform allows investors to invest in a variety of startups. The company is building a stock market for startups to raise money in pre-IPOs. Wefunder is a market leader in crowdfunding with over 40% market share in Regulation Crowdfunding over 2022. The business generated $10 million in revenue in 2021 and is launching in Europe in the fall of 2022. Nick Tommarello and Greg Belote founded Wefunder in 2012. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $4,999,997. The campaign proceeds will be used for working capital, hiring, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,864,058

$4,243,105

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,334,409

$-1,122,515

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,547,982

$1,567,778

Accounts Receivable

$0

$0

Total Assets

$8,000,901

$1,625,220

Short-Term Debt

$1,592,735

$79,896

Long-Term Debt

$0

$0

Total Liabilities

$1,592,735

$79,896

Financials as of: 08/29/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Wefunder 12/21/2023 Wefunder $175,000,000 $4,034,287 SAFE Funded RegD 506(c)
Wefunder 11/01/2022 Honeycomb $290,000,000 $2,760,843 Equity - Preferred Funded RegCF / RegD 506(c)
Wefunder 06/03/2021 Honeycomb $160,000,000 $8,990,050 Equity - Preferred Funded RegCF / RegD 506(c)
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Wefunder on Honeycomb 2022
Platform: Honeycomb
Security Type: Equity - Preferred
Valuation: $290,000,000
Price per Share: $3.58

Follow company

Follow Wefunder on Honeycomb 2022

Buy Wefunder's Deal Report

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

Wefunder Deal Report

Get KingsCrowd’s comprehensive report on Wefunder including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Wefunder is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Wefunder deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge