EquityMultiple on Wefunder 2022 – KingsCrowd

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EquityMultiple on Wefunder 2022 – KingsCrowd


Valuation Cap

$90,000,000

Reporting Date

10/26/2022

Chance of Max

Momentum

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Location

New York, New York

Business

Monetary & Insurance coverage Merchandise & Companies

EquityMultiple, with a valuation of $90 million, is elevating funds on Wefunder. The corporate has developed a platform for accessible and clear actual property investing at scale. The intuitive on-line platform of EquityMultiple helps its prospects construct wealth by streamlined entry to numerous actual property funding merchandise which are pre-vetted. EquityMultiple reported over $132 million in transaction quantity and a 100% year-over-year income progress in 2021. Charles Clinton based EquityMultiple in February 2015. The present crowdfunding marketing campaign has a minimal goal of $50,000 and a most goal of $3.5 million. The marketing campaign proceeds will probably be used for advertising and marketing, progress operations, and enhancing and scaling know-how for backend programs.

Abstract Revenue and Loss Assertion

Income

$8,493,486

$4,194,483

COGS

$925,132

$571,741

Tax

$5,176

$2,417

 

 

Web Earnings

$-861,431

$-1,372,215

Abstract Steadiness Sheet

Money

$7,596,755

$4,139,722

Accounts Receivable

$3,402,356

$1,235,249

Complete Property

$21,615,372

$5,905,882

Quick-Time period Debt

$16,896,260

$1,059,799

Lengthy-Time period Debt

$0

$0

Complete Liabilities

$16,896,260

$1,059,799

Financials as of: 10/26/2022

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