Sircles
The Social Recommendations App Designed To Destroy Yelp!
Analytics
Raised to Date: $1,067,458
Aggregate Commitments $
Platform
Wefunder
Start Date
03/01/2021
Close Date
04/30/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$23,000,000
Discount Rate
10%
Rolling Commitments $
Status
Active
Reporting Date
04/21/2021
Days Remaining
373
% of Min. Goal
1,067%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$20,931
# of Investors
1,281
Momentum
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Location
Sacramento, California
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Sircles, with a valuation cap of $23 million, is raising funds on Wefunder. It is a social recommendation app that combines Yelp and Facebook, minus the negativity. The unique features and safeguards of the app allow it to stand out, capture a network effect, and reward good behavior. John Worthington, Todd Fiore, Danny Hinkle, and Paul Buendia founded Sircles in 2019. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $1,070,000, and the funds will be used for research and development, influencer and social media marketing, management salaries, and legal and consulting expenses. Sircles has about 20,000 downloads since its launch and more than 500 positive reviews. The app maxed-out its beta tester program in a matter of days.
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Summary of Crowdfunding Raises
Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2022 | Wefunder | $23,000,000 | $1,067,458 | SAFE | Active | RegCF |
11/13/2020 | Wefunder | $11,000,000 | $1,070,000 | SAFE | Confirmed Closed | RegCF |
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