WorthPoint

WorthPoint

Closed: Oct. 2023

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.

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Investment Overview

Invested this round: $262,333

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
05/22/2023
Close Date
10/23/2023
Min. Goal
$15,000
Max Goal
$4,999,992
Min. Investment

$492

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$45,310,000

Company & Team

Company

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

Team

Employees
32
Prior Founder Exits?
No
Founder Name
Will Seippel
Title
CEO

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

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

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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
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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.

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

Buy WorthPoint's Deal Report

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

WorthPoint Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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