Overview

Raised to Date: Raised: $181,144

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts New!

Total Commitments ($USD)

Platform

Republic

Start Date

05/14/2020

Close Date

09/29/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/03/2020

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$1,313

# of Investors

637

Momentum

Funded

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QuantmRE

Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Newport Beach, California

Business Type

Growth

Company Website

QuantmRE, with a valuation cap of $8 million, is raising funds on Republic. The real estate finance platform allows homeowners to access their home equity and get cash from it without any interest, monthly payments, or added debt. QuantmRE originates and funds a Home Equity Agreement, which is an equity-based solution and not a reverse mortgage, loan, or line of credit. QuantmRE was founded by Matthew Sullivan and Dave Sterlitz in December 2017 and has already raised $1.8 million in seed capital. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to increase the sales and marketing efforts, continue the development of its Home Equity Agreement trading platform, and fund general working capital. QuantmRE has already provided $1.5 million to homeowners in the past three months, with over $3.5 million in the pipeline. The solution will support many families that need funds during the current unfortunate times.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$8,006	$5
COGS	$0	$0
Tax	$0	$0
Net Income	$-414,626	$-1,485,829

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$21,166	$159,816
Accounts Receivable	$77	$77
Total Assets	$179,827	$378,226
Short-Term Debt	$211,337	$166,100
Long-Term Debt	$724,700	$699,700
Total Liabilities	$936,037	$865,800

Financials as of: 05/14/2020

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
QuantmRE	06/25/2023	Republic	$15,000,000	$165,594	SAFE	Funded	RegCF
QuantmRE	04/20/2022	Republic	$10,000,000	$535,000	SAFE	Funded	RegCF
QuantmRE	09/29/2020	Republic	$8,000,000	$181,144	SAFE	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

QuantmRE Founder Matthew Sullivan Talks Home Equity

Owning a home is often seen as a major way to build wealth and reap other financial benefits. However, home equity is an illiquid asset. Home-owners often have to go into debt to actually tap into the value of the property they already own.

QuantmRE is one of five companies looking to change that. By offering Home Equity Agreements, QuantmRE helps home-owners access the value of their homes without any monthly payments or interest. They also plan to create a secondary market exchange which would give everyday investors the ability to create portfolios based on these agreements. We talked to founder Matthew Sullivan about his vision for expanding the home equity investor base and where QuantmRE is headed.

Read Founder Interview