Worklete on Republic

Platform

Republic

Start Date

04/20/2021

Close Date

07/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$30,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

04/21/2021

Days Remaining

100

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max

Avg. Daily Raise

$0

Momentum

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Location

Oakland, California

Industry

Education, Training, & Coaching

Tech Sector

HealthTech

Worklete, with a $30 million valuation cap, is raising funds on Republic. The AI-powered mobile platform keeps frontline workers safe and healthy by preventing injuries before they occur. The program teaches workers how to use their bodies correctly and develop preventive habits. Benjamin Kanner founded Worklete in October 2015 and has raised over $5 million in previous rounds of financing. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to enhance the technology and expand the customer base. Worklete reached $2.2 million in ARR in the first quarter of 2021 and expects to reach $5 million by the end of 2021 and $15 million by 2022. The company has strong traction and is operating with 90% profit margins.