This company is no longer in business. Investors can get details about any potential exits or failures here.
prep2grow
Early Stage
Utilizing AI to Take the Work & Stress Out of Investing
Overview
Raised: $82,466
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/19/2021
Close Date
02/01/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,500,000
Valuation Cap
$10,000,000
Discount
25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$421
# of Investors
141
Momentum
Funded
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Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
prep2grow, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an AI-based platform to take the stress out of investing. The platform combines Big Data and AI to predict future events of a company to show how a company will perform and what could be done to improve the performance. Brian Gaspar founded prep2grow in July 2020. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $250,000, and the proceeds will be used for sales and marketing, scaling tech infrastructure, and operation expenses. prep2grow has over 8,000 subscribers and reported a 61% month-over-month revenue increase.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$48,864 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,282 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,742 |
$0 |
|
Accounts Receivable |
$9,717 |
$0 |
|
Total Assets |
$18,459 |
$0 |
|
Short-Term Debt |
$1,520 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,520 |
$0 |
Financials as of: 07/19/2021
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