The Coven

A coworking community designed for belonging

Print
Claim My Business
Form C
View on Wefunder
Security Type
Other
Categories
Other, Retail, Community & Lifestyle, Real Estate
Min Investment
$100
Location
St. Paul, MN
Expected Close Date
November 27, 2023
Target Raise
$50.00K-$941.98K
Security Price
$1.27
Valuation
$12,500,000
Website
thecoven.com
Number of Employees
10
Cash
$311,957
Revenue
$809,472
Short Term Debt
$28,421
Cost of Goods
$10,001
Long Term Debt
$2,286,471
Net Income
$-821,398

Key Deal Facts

$65K MRR 750+ active paying members Signed and opened The Coven's first franchise within 6 months of franchise launch announcement. The Coven serves underdog cities in the middle and southern U.S. bursting with pent up demand Beyond workspace, we offer a robust set of tools and content designed for professional development Featured in Forbes, Fortune, Inc Magazine, Architectural Digest, Business Insider and more. Have closed $1.53M of our current $2.5M seed round in the last four months.

Management Team / Advisory Board Bios

Alex Steinman Co-founder / PartnerA nationally recognized voice, Alex empowers entrepreneurs and leaders across communities to achieve success. AMEX 100 for 100 list, Inc. Magazine 100 Female Founder. BA Journalism-Strategic Communications, University of Minnesota., Bethany Iverson Co-founder / PartnerAward-winning outside-the-box brand strategist, researcher, and entrepreneur. BS, Entrepreneurial Studies, Minneapolis College of Art and Design; MS, Rhetoric, Scientific and Technical Communication, University of Minnesota. LAUNCH accelerator Alum., Erinn Farrell Co-founder / Partner A leader in inclusive interior design with a gift for turning environments into high-performing, empathetic spaces. Recognized by the Effies, The Drum, and Interior Design. BA Communications, Cornell University., Liz Giel Co-founder / PartnerA human-centered design expert and The Coven's marketing leader. Recognized by the Effie’s, the Webby’s, and Cannes Lions among others. BA Psychology and Spanish, University of Minnesota. MS Strategic Design, Parsons School of Design.

Amount Raised : $1,692,651
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment