Brightest

Brightest

Early Stage

Social Impact Software for Business & Non-Profits: High Growth During COVID-19

Social Impact Software for Business & Non-Profits: High Growth During COVID-19

Overview

Raised to Date: Raised: $57,718

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/22/2020

Close Date

08/28/2020

Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2020

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

$1,603

# of Investors

55

Momentum
Funded
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Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Brightest, with a valuation cap of $3 million, is raising funds on Wefunder. The company has created a powerful, easy-to-use, and affordable software for non-profits and social impact organizations to make a difference. The software operating system helps these organizations in communications, training, technology, compliance, analytics, and process. Brightest was founded by Chris Bolman in 2018 and has raised over $270,000 since its founding. The current crowdfunding campaign of the company has a minimum target of $50,000 and a maximum target of $300,000. The proceeds will be used for product development, business development, sales and marketing, and technical infrastructure. Brightest uses artificial intelligence technology to solve complex challenges faced by positive social change companies. It reported a 20% month-over-month growth in March 2020 due to increased usage during COVID-19 response.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,406

$0

COGS

$249

$0

Tax

$499

$0

 

 

Net Income

$-121,914

$-14,441

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$20,241

$943

Accounts Receivable

$1,401

$26

Total Assets

$296,393

$31,184

Short-Term Debt

$72,309

$8,035

Long-Term Debt

$235,581

$5,435

Total Liabilities

$307,890

$13,470

Financials as of: 07/22/2020
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Brightest on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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