WhiteFlag

WhiteFlag

[Closed for Investment] WhiteFlag, with a valuation of $25.02 million, is raising funds on StartEngine. It is a mental health support app that connects people who struggle with similar mental health challenges. WhiteFlag provides an anonymous peer-to-peer platform that crosses the barriers of social anxiety, accessibility, stigma, and money. The app is available in the market and is currently in the pre-revenue growth stage. Jonathan McCoy, William Howard Jr., and Trent Tinker founded WhiteFlag in April 2021. The current crowdfunding campaign has a minimum target of $14,999.04 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, user acquisition, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $110,954

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
08/30/2023
Close Date
11/27/2023
Min. Goal
$14,999
Max. Goal
$1,234,997
Min. Investment

$251

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.48

Pre-Money Valuation

$25,019,501

Company & Team

Company

Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Denver, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Trent Tinker
Title
CTO
Founder Name
Jonny McCoy
Title
CEO
Founder Name
Billy Howard Jr.
Title
CIO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$83,689
 Runway
0.6 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,004,272

$-876,779

Summary Balance Sheet

FY 2022 FY 2021

Cash

$53,149

$107,493

Accounts Receivable

$0

$0

Total Assets

$143,568

$112,695

Short-Term Debt

$219,475

$219,475

Long-Term Debt

$763,750

$0

Total Liabilities

$983,225

$219,475

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,680,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/27/2023 StartEngine $25,019,501 $110,954 Equity - Common Funded RegCF
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Add to portfolio
WhiteFlag on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,019,501
Price per Share: $4.48

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