Overview

Raised to Date: Raised: $1,399,777

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/25/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$3,500,000

Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    

Early Bird Val. Cap

$75,000,000

Valuation Cap

$90,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$7,526

# of Investors

553

Momentum

Funded

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EquityMultiple

Year Founded

2015

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

Company Website

EquityMultiple, with a valuation of $90 million, is raising funds on Wefunder. The company has developed a platform for accessible and transparent real estate investing at scale. The intuitive online platform of EquityMultiple helps its customers build wealth through streamlined access to diverse real estate investment products that are pre-vetted. EquityMultiple reported over $132 million in transaction volume and a 100% year-over-year revenue growth in 2021. Charles Clinton founded EquityMultiple in February 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3.5 million. The campaign proceeds will be used for marketing, growth operations, and improving and scaling technology for backend systems.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$8,493,486	$4,194,483
COGS	$925,132	$571,741
Tax	$5,176	$2,417
Net Income	$-861,431	$-1,372,215

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$7,596,755	$4,139,722
Accounts Receivable	$3,402,356	$1,235,249
Total Assets	$21,615,372	$5,905,882
Short-Term Debt	$16,896,260	$1,059,799
Long-Term Debt	$0	$0
Total Liabilities	$16,896,260	$1,059,799

Financials as of: 10/25/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
EquityMultiple	04/28/2024	Wefunder	$90,000,000	$202,946	SAFE	Funded	RegCF
EquityMultiple	04/29/2023	Wefunder	$90,000,000	$1,399,777	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

It’s always fun when I come across other companies that share KingsCrowd’s goal of making investing more accessible. Simplifying alternative asset investing — like real estate, startup, collectibles, and art investing — is key to helping people build lasting wealth. That’s why I was eager to cover EquityMultiple, a real estate investing platform. 

EquityMultiple was founded in 2015 by Charles Clinton and Marious Sjulsen. Currently, it lets accredited investors access properties valued between $5 million and $40 million. In other words, you won’t see single-family homes or commercial properties worth hundreds of millions. Instead, portfolio properties include multi-family, office, retail, industrial, condominium, and apartment complexes. 

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