Sweater

Democratizing Venture Capital for All

Print
Claim My Business
Min Investment
$178
Location
BOULDER, CO
Expected Close Date
November 04, 2024
Target Raise
$14.98K-$1.09M
Security Price
$35.50
Number of Employees
31
Cash
$701,556
Revenue
$308,098
Short Term Debt
$559,110
Cost of Goods
$0
Long Term Debt
$183,799
Net Income
$-5,607,945

Company Description

Sweater Inc. is a financial technology platform that is making venture capital accessible to anyone, not just the wealthy. We enable partners to launch VC funds to the masses.

Key Deal Facts

Our pilot Cashmere fund, launched in June 2022, has attracted over 5.5K investors and deployed capital into 33 promising startups.

Sweater Inc. has already signed its first partner contract for a $500M fund, which we estimate its value to be over $15M in revenue to Sweater Inc. over its lifetime, with two additional engagement letters signed.

We believe we are leading a movement to reshape the future of investing. By joining our community, you become an integral contributor to democratizing venture capital.
Amount Raised : $542,057
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

Research Reports

No reports have been submitted

Become a Reporter

0 Comments