Everydae

Everydae

Early Stage

Tutoring Industry Veterans Build Digital Tutor: Makes Learning Bite-size and Fun

Tutoring Industry Veterans Build Digital Tutor: Makes Learning Bite-size and Fun

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/06/2020

Close Date

04/29/2020

Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/02/2020

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

$13,049

# of Investors

1,585

Momentum
Funded
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Year Founded

2018

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

Everydae, with a $10 million valuation cap, is raising funds on WeFunder. The company is using innovative and proprietary technology to develop algorithms that personalize educational content. The digital tutor of Everydae keeps kids engaged and helps students realize their true potential. Everydae was founded by Chad Troutwine, Christine Outram, and Laura Hubbard, passionate academicians and serial entrepreneurs. The current round of crowdfunding of Everydae has a minimum goal of $200,000 and a maximum goal of $1,070,000, and the proceeds will be used towards marketing expenses, course content creation, G&A expenses, and engineering costs. Everydae team has over 20,000 hours of tutor-training and curriculum development experience. The application has registered 64% week-over-week growth in registered users.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$326,909

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$5,683

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$32,592

$0

Accounts Receivable

$0

$0

Total Assets

$65,933

$0

Short-Term Debt

$50,250

$0

Long-Term Debt

$0

$0

Total Liabilities

$50,250

$0

Financials as of: 02/06/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Everydae 04/26/2022 Wefunder $12,500,000 $762,275 SAFE Funded RegCF
Everydae 04/28/2020 Wefunder $10,000,000 $1,070,000 SAFE 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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Everydae on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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