WorthPoint

WorthPoint

Growth Stage

Go-to online resource for identifying and valuing fine art, antiques, and collectibles.

Go-to online resource for identifying and valuing fine art, antiques, and collectibles.

Overview

Raised to Date: Raised: $262,333

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/21/2023

Close Date

10/23/2023

Min. Goal
$15,000
Max. Goal
$4,999,992
Min. Investment

$492

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$45,310,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

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

$1,703

# of Investors

171

Momentum
Funded
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Year Founded

2007

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

High Growth

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$10,997,873

$9,354,303

COGS

$2,044,450

$1,668,008

Tax

$0

$0

 

 

Net Income

$-4,666,071

$-1,881,109

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,183,681

$3,051,032

Accounts Receivable

$151,202

$81,128

Total Assets

$8,156,955

$7,392,528

Short-Term Debt

$2,421,756

$2,091,069

Long-Term Debt

$8,965,496

$4,191,584

Total Liabilities

$11,387,252

$6,282,653

Financials as of: 05/21/2023
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Founder Profile

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.


Read Founder Interview

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Add to portfolio
WorthPoint on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $45,310,000
Price per Share: $12.00

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Follow WorthPoint on StartEngine 2023

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

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