Xiggit
About this raise
Xiggit, with a valuation of $5 million, is raising funds on Republic. The company provides employers with a low-cost admin-free benefits platform for hourly workers and freelancers. The employees get to choose their benefits from the easy-to-use Xiggit app and take them with them when they change jobs. Xiggit has started its pilot program with five employers and is adding one employer per week. Heather Dawson and Carmela Abraham founded Xiggit in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used to develop the platform fully, add more benefits, and enhance the app.
Investment Overview
Invested : $199,137
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 02/28/2022
- Close Date
- 04/28/2022
$25,000
$500,000
$100
SAFE
Early Stage
RegCF
$5,000,000
15%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/28/2022 | Republic | $5,000,000 | $199,137 | SAFE | Funded | RegCF |