WeStrive
CRM Software and App Connecting The Fitness World. Reshaping Personal Training
Overview
Raised: $54,787
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/06/2019
Close Date
03/19/2020
Min. Goal
$50,001
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
38%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2020
Days Remaining
Funded
% of Min. Goal
110%
% of Max. Goal
11%
Likelihood of Max
Funded
Avg. Daily Raise
$281
# of Investors
96
Momentum
Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
WeStrive, a personal trainer marketplace and CRM tool, is raising funds on WeFunder. The company has a valuation cap of $4 million and allows personal trainers to build a network with the exercisers. The platform of WeStrive helps personal trainers to run and grow their business, based on subscription and marketplace models. WeStrive was founded by Cory McKane and has raised $97,155 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $500,000, will be used for development and design, customer service, and on-boarding and server tools. WeStrive already has more than 650 personal trainers signed up for its early release in November 2019, with an ability to scale up to more than 10,000 trainers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-48,870 |
$-25,964 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,415 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,415 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/06/2019
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| WeStrive | 03/19/2020 | Wefunder | $4,000,000 | $54,787 | SAFE | Funded | RegCF |
| WeStrive | 06/04/2019 | StartEngine | $1,316,700 | $1,620 | Equity - Common | Not Funded | RegCF |
| WeStrive | 09/28/2018 | StartEngine | $1,500,000 | $29,505 | Equity - Common | Funded | RegCF |
| PerFIcT | 02/17/2018 | StartEngine | $1,393,005 | $24,660 | Equity - Common | Funded | RegCF |
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