Wefunder

Angel investing for everyone

Analytics

Raised to Date:
$2,865,645 - RegCF
$5,998,389 - Total
Aggregate Commitments $
Platform

Honeycomb

Start Date

03/16/2021

Close Date

04/30/2022

Min. Goal

$1,000,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Series

Series F

Pre-Money Valuation

$160,000,000

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

372

% of Min. Goal

287%

% of Max. Goal

57%

Likelihood of Max
extremely
Avg. Daily Raise

$79,601

Momentum
cold
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Location

San Francisco, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

Wefunder, with a pre-money valuation of $160 million, is raising funds on Honeycomb. The crowdfunding platform allows investors to invest in a variety of startups. The company is building a stock market for startups to raise money in pre-IPOs. Nick Tommarello and Greg Belote founded Wefunder in 2012. The current crowdfunding campaign has a minimum goal of $1,000,000 and a maximum goal of $5,000,000, and the funds will be used towards working capital, hiring, and expansion into Europe. Wefunder is a market leader in crowdfunding with over 40% market share in Regulation Crowdfunding in the fourth quarter of 2020. The platform reported over five times year-over-year growth in investment volume from the fourth quarter of 2019 to the same period in 2020.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,243,105

$2,373,669

COGS

$214,120

$108,827

Tax

$0

$0

 

 

Net Income

$-1,122,515

$-957,073

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,643,140

$1,671,204

Accounts Receivable

$0

$0

Total Assets

$1,660,582

$1,732,977

Short-Term Debt

$79,896

$152,067

Long-Term Debt

$0

$0

Total Liabilities

$79,896

$152,067

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