Temple I

Temple I

Early Stage

Invest in a smart-tech student housing development next to Temple University

Invest in a smart-tech student housing development next to Temple University

Overview

Raised to Date: Raised: $217,985

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/03/2022

Close Date

11/30/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,177,750

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/03/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$8,384

# of Investors

487

Momentum
Funded
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Year Founded

2020

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Life Style

Company Website

Temple I, with a valuation of $1.18 million, is raising funds on Wefunder. It is a student housing development and coliving incubator for Temple U entrepreneurs. The development covers 10,000 square foot, 17-bedrooms units directly across Temple University. Temple I has 100% occupancy with four master leases and has reported a 150% valuation increase since 2020. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for capital reserves, legal and admin expenses, and marketing properties.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$31,689

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-17,757

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$53,559

$14,961

Accounts Receivable

$0

$0

Total Assets

$1,745,819

$1,539,901

Short-Term Debt

$0

$1,176,325

Long-Term Debt

$1,400,000

$0

Total Liabilities

$1,400,000

$1,176,325
Financials as of: 11/03/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Temple I 11/29/2022 Wefunder $1,177,750 $217,985 Equity - Common Funded RegCF
Temple I 11/23/2020 Republic - $360,000 Convertible Note Funded RegCF
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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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Temple I on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $1,177,750
Price per Share: $1.00

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