Opyrus

Opyrus

Early Stage

Opyrus helps you tap your power to write to transform your life

Opyrus helps you tap your power to write to transform your life

Overview

Raised to Date: Raised: $251,005

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/01/2021

Close Date

07/30/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.70

Early Bird Valuation

$3,240,000

Pre-Money Valuation

$4,050,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/31/2021

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

$1,410

# of Investors

165

Momentum
Funded
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Year Founded

2008

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

West Conshohocken, Pennsylvania

Business Type

Growth

Opyrus, with a pre-money valuation of $4.05 million, is raising funds on Wefunder. The company has developed an inspiring self-betterment solution that helps writers to grow, collaborate, and create. The system helps people to improve their lives by writing. Arthur Gutch founded Opyrus in 2008 and has raised over $3.8 million since the inception. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $250,000, will be used for marketing and traction, product development, and payroll and operations. Opyrus has developed a commercial product with over 12,000 customers, 250,000 registrations, and 309,000 prospects. The solution is reinventing writing with its AI-based writing for life platform.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$215,671

$601,525

COGS

$175,505

$542,464

Tax

$9,563

$13,829

 

 

Net Income

$-502,549

$-828,704

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$23,290

$102,842

Accounts Receivable

$61,915

$44,128

Total Assets

$2,706,119

$3,012,714

Short-Term Debt

$791,793

$752,429

Long-Term Debt

$2,431,441

$2,275,026

Total Liabilities

$3,223,234

$3,027,455

Financials as of: 02/01/2021
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Opyrus on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $4,050,000
Price per Share: $0.70

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