Brightest

Brightest

Social Impact Software for Business & Non-Profits: High Growth During COVID-19

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Security Type
SAFE
Categories
Other
Min Investment
$25
Offering Date
April 22, 2020
Expected Close Date
August 17, 2020
Target Raise
$50.00K-$300.00K
Deal Notes

$25K+ pro rata right threshold

Company Description

We make software that helps socially positive organizations (B-Corps, mission-driven companies, non-profits, schools) work faster, manage their operations, and measure results and impact easier.

Perks

$500+ for Brightest logo T-shirt, eco-friendly printed and made from recycled plastic bottles (but still really soft!). Made in the USA.
$1,000+ We will gift a free lifetime premium Brightest account to a charity or non-profit of your choice (excluding volume-based text messages, which are billed as a pass-through cost on a per-text or bulk basis when sent).
$10,000+ Brightest will highlight a charity or non-profit of your choice to our community, email list, and social media followers. Non-profit must comply with our community guidelines (no hate speech, discrimination, or climate change denial).
$25,000+ Get voting rights and be named (featured) as an Impact Angel on our website and public company profile
$50,000+ Invitation to join our informal advisory board and give feedback on our strategy, roadmap, and plan

Key Deal Facts

Using AI to solve critical communication, complexity, and measurement challenges for organizations leading positive social change.
Already written one million lines of proprietary software code.
Elegant, accessible software already used by 200+ socially responsible companies, non-profits, and schools.
Powered 100,000+ people taking positive environmental and social action in 2019.
Offset or canceled over a million pounds of carbon (CO2) last year.
Experienced team with previous software startup acquisitions.
High growth potential with low capex and operating costs thanks to software-as-a-service (SaaS) model.
+20% month-over-month (MoM) growth in March 2020 due to increased usage around coronavirus (COVID-19) response and relief work.

Use of Proceeds

If $50,000 is raised:

73.5% software engineer payroll (product development), 15% business development, sales, and marketing, 6.5% WeFunder fees, 5% technical infrastructure and server hosting

If $300,000 is raised:

59.5% software engineer payroll (product development), 31% business development, sales, and marketing, 6.5% WeFunder fees, 3% towards technical infrastructure and server hosting

Management Team / Advisory Board Bios

Chris Bolman
Chief Executive Officer
Entrepreneur and environmental activist with over 10 years experience leading startups. Helped grow last software company to >$30 million in annual recurring revenue (acquired in 2019). Former United Nations Sustainable Energy Practitioner.

Daniel Hernandez
Software Engineer
Lead engineer on Proyecto Salvavidas, an international digital money transfer platform allowing immigrants to sponsor in-need children in their home country, and Co-Founder of Sunny Side Web Development agency.

Victoria Ramm
Advisor + Partnerships
Philanthropy Officer at The Good Food Institute

Deal Notes

$25K+ pro rata right threshold

Amount Raised : $49,617
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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