WorthPoint
About this raise
WorthPoint, with a valuation of $45.31 million, is raising funds on StartEngine. The company is believed to be one of the world's largest sources of how to value fine art, antiques, and collectibles. This popular site, which brings 200,000 to 300,000 visitors to its platform daily, contains 1.3 billion images and more than 715 million values of vintage and antique items. They have tripled subscription revenue between 2018 and 2022, earning the company awards in finance and leadership as well as recognition in Inc. Magazine’s regional and national lists of the fastest-growing companies in America. Will Seippel founded WorthPoint in 2007. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $4.99 million. The campaign proceeds will be used for R&D, hiring staff, and working capital.
Investment Overview
Invested $262,333 :
Deal Terms
Financials
- Revenue +18% YoY
-
$10,997,873
as of FY2022
- Monthly Burn
-
$388,839
as of FY2022
-
Runway
-
3 months
as of FY2022
- Gross Margin
-
81%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $19,600,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
10/23/2023 | StartEngine | $45,310,000 | $262,333 | Equity - Preferred | Funded | RegCF |
Founder Interview
WorthPoint Founder Will Seippel on Democratizing the Value of Antiques and Collectibles
Do you have a treasure in your house?WorthPoint is an online resource helping customers value and preserve their antiques, fine arts, and collectibles. WorthPoint’s database contains 715 million prices and 1.3 billion images from eBay and auction houses. With just a subscription, anyone can understand the market value of their possessions.
KingsCrowd spoke with WorthPoint founder Will Seippel to learn about the inspiration for the company bringing clarity to the collectible market.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.