This company is no longer in business. Investors can get details about any potential exits or failures here.
Envel
Building the World’s Smartest Bank Account
Overview
Raised: $1,070,000
Total Commitments ($USD)
Wefunder
12/02/2020
02/03/2021
$100
Convertible Note
Seed
RegCF
$15,000,000
20%
Rolling Commitments ($USD)
02/27/2021
$17,258
1,368
2017
Financial & Insurance Products & Services
Fintech
B2B/B2C
Low
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$128,565 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,143,644 |
$-151,092 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$422,967 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$432,813 |
$0 |
|
Short-Term Debt |
$87,834 |
$0 |
|
Long-Term Debt |
$910,542 |
$0 |
|
Total Liabilities |
$998,376 |
$0 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Envel | 03/22/2022 | Wefunder | $40,289,975 | $217,417 | Equity - Preferred | Funded | RegCF |
| Envel | 12/16/2021 | StartEngine | $35,040,323 | $581,267 | Equity - Common | Funded | RegCF |
| Envel | 02/02/2021 | Wefunder | $15,000,000 | $1,070,000 | Convertible Note | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Employee History
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