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

11/02/2022

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
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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
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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)
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Price per Share History

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

Valuation History

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.

Employee History

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

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Follow Wefunder on Honeycomb 2022

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