ZNest
Early Stage
Zillow for Senior Housing
Overview
Raised: $130,330
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/13/2024
Close Date
07/14/2024
Min. Goal
$50,000
Max. Goal
$2,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$9,000,000
Valuation Cap
$12,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
67
% of Min. Goal
261%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$2,370
# of Investors
89
Momentum
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
ZNest, with a valuation of $12 million, is raising funds on Wefunder. The company is working towards making the lives of older adults better through well-managed senior housing. ZNest is Zillow combined with LinkedIn for the senior housing industry and solves the issues of labor shortage and high referral fees with its digital marketplace. The platform has a job board that is purpose-built for senior housing jobs, a marketplace to eliminate hidden referral fees, and SaaS tools to fix inefficiencies. Bennett Kim founded ZNest in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2 million. The campaign proceeds will be used for product development, marketing, and legal fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,197 |
$300 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$50,265 |
$281,039 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,267,733 |
$764,189 |
|
Short-Term Debt |
$9,372 |
$828 |
|
Long-Term Debt |
$250,000 |
$0 |
|
Total Liabilities |
$259,372 |
$828 |
Financials as of: 03/13/2024
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