Worth on Wefunder

Aggregate Commitments $

Platform

Wefunder

Start Date

02/16/2021

Close Date

04/30/2021

Min. Goal

$300,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,500,000

Discount Rate

15%

Rolling Commitments $

Status

Active

Reporting Date

04/25/2021

Days Remaining

2

% of Min. Goal

126%

% of Max. Goal

35%

Likelihood of Max
unlikely

Avg. Daily Raise

$5,542

# of Investors

174

Momentum
warm

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Location

Los Angeles, California

Industry

Marketing & Advertising

Tech Sector

AdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Worth, with a valuation cap of $6.5 million, is raising crowdfunding on Wefunder. The company has built software that helps businesses convert their customers into marketers. The proprietary search engine of Worth assists in identifying the customers on social media. Patrick Kim and Aditya Mitra founded Worth in 2018 and raised over $500,000 since the inception. The proceeds of the current crowdfunding raise, with a minimum target of $300,000 and a maximum target of $1,070,000, will target technology, sales, operations, and marketing. Worth has created over 20,000 Instagram stories from its customers and reported 20 times revenue growth in the first five months.

Summary Profit and Loss Statement

Revenue

$4,030

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-176,668

$0

Summary Balance Sheet

Cash

$8,012

$0

Accounts Receivable

$0

$0

Total Assets

$62,484

$0

Short-Term Debt

$212

$0

Long-Term Debt

$8,840

$0

Total Liabilities

$9,052

$0

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