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WeFunder

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WEFUNDER, INC.

Fintech · Founded 2012

Angel investing for everyone

Post-money valuation ⓘ
$292.0M
As of Oct 2022 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$31,197,929
Crowd $6.5M · Private $24.7M · 14 rounds since 2015
Latest share price
$3.58
Reg CF · Preferred Stock · Sep 2022 offering price

Financials

FY2018–FY2022 · from SEC filings · hover any figure for its source
$2.4M
−$957K
2018
2019
$4.2M
−$1.1M
2020
$9.9M
−$3.3M
2021
$10.1M
−$5.2M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 audited*
FY2019 audited*
FY2020 audited
FY2021 audited
FY2022 audited
Income statement
Revenue
$2,373,669
—
$4,243,105
$9,864,058
$10,121,151
Cost of goods sold
$108,827
—
$185,620
$898,238
$224,066
Gross margin
95%
—
96%
91%
98%
Net income
-$957,073
—
-$1,122,515
-$3,334,409
-$5,209,316
Taxes paid
$0
—
$0
$0
$0
Balance sheet
Cash
$1,671,204
—
$1,567,778
$7,547,982
$4,241,014
Accounts receivable
$0
—
$0
$0
$17,500
Total assets
$1,732,977
—
$1,625,220
$8,000,901
$7,793,976
Short-term debt
$152,067
—
$79,896
$1,592,735
$953,657
Long-term debt
$0
—
$0
$0
$2,924,206
Total liabilities
$152,067
—
$79,896
$1,592,735
$3,877,863
Other
Headcount
—
26
—
70
45

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
$160.0M
pre-money
$290.0M
pre-money
Reg CF · Preferred · Mar 2021
Reg CF · Preferred · Sep 2022

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

Share price over rounds

$3.58$1.79$2.1986
Mar 2021Sep 2022
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

Share counts as of Dec 31, 2020
Series seed Preferred Stock · 29.8%Class A Common Stock · 48.2%Class B Common Stock · 22.0%
ClassOutstandingVotes / shareShare of totalLast price
Series seed Preferred Stockpreferred12,053,680129.8%—
Class A Common Stock19,505,761148.2%—
Class B Common Stock8,900,000122.0%—
Total40,459,441100%

Principal holders% as the filing states it, May 2, 2022

  • Nicholas TommarelloClass B Common Stock91.0%of votes
  • Nicholas Tommarello18,750,000 Class A Common Stock, Class B Common Stock, and Stock Options91.0%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 $2MInvestors 1
Raised $2.1MInvestors 4
Raised $1.5M / $5MInvestors 985Post-money $292M
Raised $241KInvestors 1
Raised $1MInvestors 3
Raised $460KInvestors 1
Raised $5M / $5MPost-money $168.3M
Raised $415.5KInvestors 8
Raised $2.6MInvestors 5
Raised $906.8KInvestors 2
Raised $5.1MInvestors 16
Raised $2.2MInvestors 6
Raised $878.6KInvestors 3
Raised $6.8MInvestors 147

Team

2 people
Greg Hughes BeloteFounder
Founder & CTO
Nick TommarelloFounder
Founder & CEO

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 6 annual reports (FY2020–FY2025)

985 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 D/ANov 3, 20250001641389-25-000002
    EDGAR
  • Form DNov 4, 20240001641389-24-000010
    EDGAR
  • Form D/AOct 21, 20240001641389-24-000009
    EDGAR
  • Form C-TRApr 2, 20240001641389-24-000008
    EDGAR
  • Form DMar 26, 20240001641389-24-000007
    EDGAR
  • Form DMar 25, 20240001641389-24-000005
    EDGAR
  • Form DMar 25, 20240001641389-24-000006
    EDGAR
  • Form DMar 22, 20240001641389-24-000003
    EDGAR
Source: ManualCIK 0001641389Share price $3.58

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.