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SWEATER

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Sweater Inc.

Fintech · Boulder, CO · Founded 2019

Democratiing venture capital for all

Post-money valuation ⓘ
$49.0M
As of Nov 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$27,811,449
Crowd $1.5M · Private $26.3M · 4 rounds since 2022
Latest share price
$35.50
Reg CF · Preferred Stock · Mar 2024 offering price

Financials

FY2020–FY2023 · from SEC filings · hover any figure for its source
$0
2020
$0
−$2.3M
2021
$0
−$6.6M
2022
$308K
−$5.6M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$0
$0
$0
$308,098
Cost of goods sold
$0
$0
$0
$0
Gross margin
—
—
—
100%
Net income
$0
-$2,274,270
-$6,643,111
-$5,607,945
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$0
$625,109
$4,665,860
$701,556
Accounts receivable
$0
$0
$1,857,771
$2,524,230
Total assets
$0
$629,680
$7,793,923
$4,119,272
Short-term debt
$0
$77,469
$722,567
$559,110
Long-term debt
$0
$77,469
$550,193
$183,799
Total liabilities
$0
$154,938
$1,272,760
$742,909
Other
Headcount
—
31
31
31

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$48.5M
pre-money
Reg CF · Preferred · Mar 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$35.50$17.75$24.0119
Jan 2022Mar 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Jan 13, 2023

  • Jesse Randall546,191 shares45.0%of votes

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $539.7K / $1.1MInvestors 477Post-money $49M
Reg CF · SAFE · Jan 2023Closedvia DALMORE GROUP LLC
Raised $935.6K / $5M
Raised $13.9MInvestors 30

Team

12 people
Jesse RandallFounder
CEO, President & Chairman

Jesse is the Founder, CEO and a member of the executive team at Sweater. His passion for startups, venture capital, and entrepreneurship drive him to serve other founders and shape the future that we all participate in. After obtaining an MBA from the Thunderbird School of Global Management and a Master’s of Environmental Policy from the Vermont Law School, Jesse chose to learn the world of venture capital through starting and running a software startup accelerator, working with over 200 companies. He enjoys endurance sports and spending time in the mountains with his family.

Emma Clark
COO, Principal Financial Officer & Board Member

Emma is a Co-founder, COO and member of the executive team at Sweater. With over 10 years of experience in Fintech across operations, strategy, product and analytics, Emma is skillful at translating long term vision into day-to-day operations and thrives on building fantastic teams to support that vision. Prior to joining Sweater, Emma was a member of the executive team at subscription payment platform, Recurly, where she led efforts through the company’s acquisition. After earning a BA from Duke University, Emma began her career at JPMorgan Chase before finding her passion for high growth startups. She enjoys fostering the startup community in Sweater's home base of Boulder, CO and can be found paragliding and hiking with her family on the weekends.

Jaron Jones
CTO

Jaron Jones is a Co-founder, CTO and member of the executive team at Sweater. Jaron has a passion for startups, launching new products, and scaling them. He is a seasoned and progressive technology leader with more than twenty years of building software and leading technical teams. While at SoFi Jaron led teams through a period of high growth that touched the entire suite of financial products (personal loans, student loans, mortgage, invest, and SoFi at Work) and helped grow the platform to 3M+ SoFi Members during his tenure. Jaron received a B.S. in Information Technology from Utah Valley State College and an MBA from Utah State University. In his spare time he enjoys time with family and anything in the great outdoors.

Emma Donaho Clark
COO, Principal Financial Officer, Director
Robin Riddell
Director of Operations & Valuations

Robin is Director of Operations and Valuations at Sweater. Robin has over 10 years of experience leading teams at both Carta & PitchBook, focused on private company valuations, product strategy, finance, and operations. Robin has a Master of Finance from the University of St Andrews. In his leisure time, he enjoys various recreational pursuits, including skiing, traveling, and a good rounds of golf with friends

Cara Morphew
Managing Partner

Cara is Managing Partner and a member of the executive team at Sweater. Cara’s passionate about creating a more equitable ecosystem within venture capital and the startup investment landscape. Prior to Sweater, Cara was an investor at Chicago Ventures and Selwyn Ventures, focused on early-stage technology investments. Beyond her investment experience, Cara’s career has spanned the startup lifecycle - from launching her own business to driving growth at leading high growth ventures like Uber and NetSuite. She has an MBA from Kellogg School of Management at Northwestern University and a BBA in Finance from University of Wisconsin-Madison. In her spare time, Cara enjoys skiing, traveling and live music.

Georgina McQuary
Member Experience Manager

Georgina is a Member Experience Manager at Sweater. Georgina is responsible for managing all investor inquiries and communications. Prior to Sweater, Georgina was an account executive at Better Mortgage. She holds a B.A. from Loyola University and her Series 63. Outside of work, Georgina enjoys traveling and hiking with her husband and dogs.

Jason Corbett
Software Engineer

Jason is a Staff Software Engineer for Sweater. He has over 20 years of experience in software, at various companies including SoFi, Vivint, Intuit, Caldera, and many others. Jason loves building quality software having been in the past a Software Engineer in QA. Jason has worked on several financial related technologies including loan underwriting, and software managing credit cards. He has a degree from BYU Idaho (formerly Ricks College). In his spare time he loves tinkering with home automation.

Lee Higginson
Software Engineer

Lee is a Software Engineer for Sweater. He is a seasoned engineer with over two decades of experience in the software industry. With expertise in Python, Java Typescript, and various other technologies, Lee has contributed to notable organizations such as Sofi, Vivint, and Quest Software throughout his 20+ years in software engineering. He has a degree from Utah Valley University in Information Technology. Beyond his professional accomplishments, he enjoys fixing things, tinkering with small engines, and riding four-wheelers in his spare time.

Show 3 more people
David John Wieland
Board Member

David is a serial founder and venture investor. Currently, David serves as co-founder and managing partner of Motivate Venture Capital, a $200M AUM venture firm investing in tech or tech-enabled companies in the US and Canada. David has made personal investments in over 150 startups and funds including Chime, Public.com, Robinhood, Pipe, Pantera Capital, Unsplash, HomeChef, NoRedInk, and Techstars. David previously co-founded and served as Chairman of Notre Dame-affiliated IrishAngels. Prior to his investment career, David founded and eventually sold several companies including InnFlux, Powersurge, and RIVS. David received his BA from Notre Dame and MBA from Northwestern's Kellogg School of Management.

Fong Wa Chung
Board Member

Board member

Joseph Ashley Ebersole
Board Member

Seasoned fintech executive, legal leader, and board member, with experience across the spectrum of fundraising, regulatory strategy, and corporate direction & oversight.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 2 of 4 annual reports (FY2022–FY2025)

Missing: 2024, 2025

477 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UDec 5, 20240001665160-24-001760
    EDGAR
  • Form C/AAug 30, 20240001665160-24-001243
    EDGAR
  • Form C/AJun 28, 20240001665160-24-001040
    EDGAR
  • Form C-ARApr 25, 20240001665160-24-000492
    EDGAR
  • Form C/AApr 25, 20240001665160-24-000490
    EDGAR
  • Form CMar 19, 20240001665160-24-000226
    EDGAR
  • Form C-UFeb 21, 20240001644600-24-000002
    EDGAR
  • Form C-ARMay 2, 20230001644600-23-000089
    EDGAR
Source: ManualCIK 0001860541DEShare price $35.50

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.