WeStrive

WeStrive

Early Stage

CRM Software and App Connecting The Fitness World. Reshaping Personal Training

CRM Software and App Connecting The Fitness World. Reshaping Personal Training

Overview

Raised to Date: Raised: $54,787

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/05/2019

Close Date

03/19/2020

Min. Goal
$50,001
Max. Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

38%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2020

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

$281

# of Investors

96

Momentum
Funded
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Year Founded

2017

Industry

Fitness & Wellness

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

WeStrive, a personal trainer marketplace and CRM tool, is raising funds on WeFunder. The company has a valuation cap of $4 million and allows personal trainers to build a network with the exercisers. The platform of WeStrive helps personal trainers to run and grow their business, based on subscription and marketplace models. WeStrive was founded by Cory McKane and has raised $97,155 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $500,000, will be used for development and design, customer service, and on-boarding and server tools. WeStrive already has more than 650 personal trainers signed up for its early release in November 2019, with an ability to scale up to more than 10,000 trainers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-48,870

$-25,964

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,415

$0

Accounts Receivable

$0

$0

Total Assets

$10,415

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/05/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WeStrive 03/18/2020 Wefunder $4,000,000 $54,787 SAFE Funded RegCF
WeStrive 06/03/2019 StartEngine $1,316,700 $1,620 Equity - Common Not Funded RegCF
WeStrive 09/27/2018 StartEngine $1,500,000 $29,505 Equity - Common Funded RegCF
PerFIcT 02/16/2018 StartEngine $1,393,005 $24,660 Equity - Common 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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WeStrive on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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