Fund the First

FundtheFirst.com is a verified crowdfunding platform for our nation's heroes.

Analytics

Raised to Date: $110,630

Aggregate Commitments $
Platform

Republic

Start Date

04/13/2021

Close Date

08/12/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

61

% of Min. Goal

443%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,941

# of Investors

84

Momentum
cold
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Location

Merrick, New York

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Fund the First, with a $6 million valuation cap, is raising funds on Republic. It is a verified crowdfunding platform for first responders, military, and medical professionals. The platform allows citizens to support their national heroes when there is a need with its verified crowdfunding campaigns that combat fraud. Robert Garland founded Fund the First in July 2019 and has raised over $550,000 since the inception. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to expand the platform to help educators and teachers and bring on new corporate partners. Fund the First has hosted 155 fundraising campaigns totaling over $1 million. It works on a 5% revenue model and has partnered with ID.me for a trusted experience.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$35,991

$1,672

COGS

$638

$353

Tax

$0

$0

 

 

Net Income

$-211,543

$-11,907

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$583,535

$1,598

Accounts Receivable

$0

$0

Total Assets

$689,675

$1,598

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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