Gravatate

Gravatate

Early Stage

Gravatate is a chat and virtual workspace solution for the new economy.

Gravatate is a chat and virtual workspace solution for the new economy.

Overview

Raised to Date: Raised: $11,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/08/2019

Close Date

03/27/2020

Min. Goal
$70,000
Max. Goal
$175,000
Min. Investment

$750

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/30/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$66

# of Investors

8

Momentum
Not Funded
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Year Founded

2014

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Reston, Virginia

Business Type

High Growth

Gravatate, a virtual workplace solution with a valuation cap of $4.5 million, is raising funds on WeFunder. The platform of Gravatate allows business professionals to streamline their communication and enhance the collaboration experience. It helps business owners to connect and communicate with their team, clients, and vendors in a simple and affordable manner. Gravatate was founded by Javier Castro in 2014 and has raised over $700,000 since its inception. The current round of crowdfunding has a minimum goal of $70,000 and a maximum goal of $175,000, and the proceeds will be used for software development, marketing, leadership team salary payment, and legal and accounting expenses. Gravatate reported a 196% user growth, 33% increase in workspaces, 65 times increase in shared media, and 12 times increase in shared events in a year from 2018 to 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$234

$0

COGS

$17,168

$11,238

Tax

$2,350

$2,100

 

 

Net Income

$-180,420

$-152,468

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50,852

$700

Accounts Receivable

$0

$0

Total Assets

$322,023

$243,702

Short-Term Debt

$117,300

$103,397

Long-Term Debt

$250,074

$34,036

Total Liabilities

$367,374

$137,433

Financials as of: 10/08/2019
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Gravatate on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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