glassFROGG

Reduce medical costs by 90% using technology and data, not health insurance.

Analytics

Raised to Date: Raised: $190,634

Aggregate Commitments $
Platform

Wefunder

Start Date

07/06/2021

Close Date

04/30/2022

Min. Goal

$100,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

07/28/2021

Days Remaining

276

% of Min. Goal

191%

% of Max. Goal

19%

Likelihood of Max
extremely
Avg. Daily Raise

$8,665

# of Investors

54

Momentum
cold
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Location

American Fork, Utah

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

glassFROGG, with a $6 million valuation cap, is raising funds on Wefunder. The company has developed a digital platform that uses data and machine learning to help users save over 90% on medical care without health insurance. The platform allows employees to shop for affordable medical care, while the employers get to recruit and retain happy and healthy employees at a cost much lower than traditional insurance. Lucien Morin and Jake Fackrell founded glassFROGG in May 2017. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,000,000, will be used towards hiring a business development director, hiring additional sales team members, and developing of product enhancements. glassFROGG already has over 160 customers and over $370,000 in ARR.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$94,092

$5,472

COGS

$20,589

$330

Tax

$6,397

$13,216

 

 

Net Income

$-415,284

$-244,993

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$80,252

$15,721

Accounts Receivable

$0

$3,600

Total Assets

$123,316

$61,973

Short-Term Debt

$117,224

$56,533

Long-Term Debt

$57,535

$19,099

Total Liabilities

$174,759

$75,632

Financials as of: 07/06/2021
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