Medean on SeedInvest

Financial planning for the next generation

Raise to date: $11,000

Reporting Date: 12/04/2019

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,000,000

Likelihood of Max Unlikely
Start Date

11/20/2019

Stop Date

01/17/2020

Days Remaining

42

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

Not Known

% of Minimum Raised

44%

% of Maximum Raised

1%

Dollars Per Day to Reach Max

$23,548

DPD* Committed

$786

DPD* Category

$0

DPD* All Companies

$1,428

Kingscrowd Momentum

$11,000

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Medean, with a valuation cap of $6 million, is raising funds on SeedInvest. The company aims to make financial planner simpler for the next generation. It provides financial guidance and offers incentives for users who work their finances out positively. The Medean app acts both as a budgeting app and a financial planner. Medean was founded by Eric Skjodt, Matt Karazin, and Reed and raised $750,000 in its pre-seed round of funding in 2017. The current crowdfunding round has a minimum target of $400,000 and a maximum target of $1,000,000, and the proceeds will be used toward marketing, payroll, and general & administrative expenses. Medean already has relationships with two top banks and has participated in two prominent FinTech Accelerators. The app helps customers to save more than $250 just in the first month of using it.

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