Sircles

Sircles

Early Stage

The Social Recommendations App Designed To Destroy Yelp!

The Social Recommendations App Designed To Destroy Yelp!

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/15/2020

Close Date

11/13/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$11,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$38,214

# of Investors

2,018

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Sacramento, California

Business Type

High Growth

Sircles, with a valuation cap of $11 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 and have raised over $1.1 million since the founding. 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 product development, business development, marketing, and legal and professional expenses. Sircles maxed out its beta-tester program at 3,000, and its 30-day retention was maintained at 80% for eight consecutive months.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$0

 

 

Net Income

$-543,830

$-25

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$94,997

$85

Accounts Receivable

$0

$0

Total Assets

$159,997

$35,095

Short-Term Debt

$38,198

$0

Long-Term Debt

$100

$35,000

Total Liabilities

$38,298

$35,000

Financials as of: 10/15/2020
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sircles 04/18/2024 Wefunder $30,000,000 $2,354,284 SAFE Funded RegCF
Sircles 04/14/2022 Wefunder $23,000,000 $2,701,066 SAFE Funded RegCF
Sircles 11/12/2020 Wefunder $11,000,000 $1,070,000 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Sircles on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $11,000,000

Follow company

Follow Sircles on Wefunder

Buy Sircles's Deal Report

Warning: according to the close date for this deal, Sircles may no longer be accepting investments.

Sircles Deal Report

Get KingsCrowd’s comprehensive report on Sircles including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Sircles is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Sircles deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge