Wefunder on Honeycomb 2022 – KingsCrowd

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Wefunder on Honeycomb 2022 – KingsCrowd


Safety Kind

Fairness – Most popular

Pre-Cash Valuation

$290,000,000

Reporting Date

08/31/2022

Probability of Max

Momentum

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Location

San Francisco, California

Business

Monetary & Insurance coverage Merchandise & Companies

Wefunder, with a valuation of $290 million, is elevating funds on Honeycomb. The crowdfunding platform permits traders to put money into quite a lot of startups. The corporate is constructing a inventory marketplace for startups to lift cash in pre-IPOs. Wefunder is a market chief in crowdfunding with over 40% market share in Regulation Crowdfunding over 2022. The enterprise generated $10 million in income in 2021 and is launching in Europe within the fall of 2022. Nick Tommarello and Greg Belote based Wefunder in 2012. The present crowdfunding marketing campaign has a minimal goal of $50,002 and a most goal of $4,999,997. The marketing campaign proceeds will likely be used for working capital, hiring, and normal and administrative bills.

Abstract Revenue and Loss Assertion

Income

$9,864,058

$4,243,105

COGS

$0

$0

Tax

$0

$0

 

 

Web Revenue

$-3,334,409

$-1,122,515

Abstract Stability Sheet

Money

$7,547,982

$1,567,778

Accounts Receivable

$0

$0

Whole Property

$8,000,901

$1,625,220

Quick-Time period Debt

$1,592,735

$79,896

Lengthy-Time period Debt

$0

$0

Whole Liabilities

$1,592,735

$79,896

Financials as of: 08/30/2022

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Increase Historical past

Wefunder 04/30/2023 Honeycomb $290,000,000 $0 Fairness – Most popular
Lively
RegCF
Wefunder 06/04/2021 Honeycomb $160,000,000 $8,990,050 Fairness – Most popular
Funded
RegCF / RegD 506(c)

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