Upstack

The fast-growing global pool of highly qualified, vetted software developers

Analytics

Raised to Date: Raised: $225,393

Aggregate Commitments $
Platform

Wefunder

Start Date

06/28/2021

Close Date

04/30/2022

Min. Goal

$50,084

Max. Goal

$1,069,928

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$100,000,040

Rolling Commitments $
Status

Active

Reporting Date

07/29/2021

Days Remaining

275

% of Min. Goal

450%

% of Max. Goal

21%

Likelihood of Max
extremely
Avg. Daily Raise

$7,271

# of Investors

116

Momentum
cold
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Location

Cedarhurst, New York

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Upstack, with a pre-money valuation of $100 million, is raising funds on Wefunder. The company has developed an all-in-one remote talent solution for companies to hire qualified and vetted software developers. The platform helps fast-growing companies hire, retain, and motivate software talent remotely and easily. Yossi Mlynsky founded Upstack in November 2015. The proceeds of the current crowdfunding round, with a minimum goal of $50,084 and a maximum goal of $1,069,928, will be used for marketing, sales, hiring, and operational expenses. Upstack generated $6.9 million in revenue in 2020, with a gross profit margin of 37%. The company reported a 340% revenue growth from 2018 to 2020 and has clients including IKEA, Invision, Juul, and Taskrabbit.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$2,250,406

$1,627,143

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-62,245

$194,140

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$150,914

$50,174

Accounts Receivable

$429,712

$203,394

Total Assets

$814,996

$443,385

Short-Term Debt

$369,782

$212,243

Long-Term Debt

$276,317

$0

Total Liabilities

$646,099

$212,243

Financials as of: 06/28/2021
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