EnergyFunders

EnergyFunders

Financial technology platform for online energy investing.

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Security Type
Crowd Note
Categories
Energy
Min Investment
$1,000
Location
Houston, TX
Offering Date
July 06, 2018
Expected Close Date
October 04, 2018
Target Raise
$500.00K-$1.07M
Deal Notes
  • Security Type: Crowd Note
  • Conversion discount: 20.0%
  • Valuation Cap: US $10,000,000
  • Interest rate: 5.0%
  • Note term: 24 month
  • Minimum investment: US $1,000
  • Target Minimum: US $500,000
  • Maximum Raise Amount: US $1,070,000

Company Description

EnergyFunders is a financial technology company that provides users the opportunity to invest into energy-related projects utilizing its internet-based application platform. The Company raises funding for its venture capital funds that invest into individual oil and gas exploration and production projects under the name EnergyFunders Black. It earns carried interest and fees from each of the separate projects similar to venture capital funds. Investors into the projects receive access to pre-vetted oil and gas exploration and production wells, brought to us by experienced developers. The Company also operates a registered crowdfunding portal using Regulation CF called EnergyFunders Marketplace, and it raises funding for promising energy technology and alternative energy companies. We plan to take a fee on funds raised, similar to what other crowdfunding portals charge, plus reimbursement of certain expenses.

Perks

A free EnergyFunders Marketplace account along with exclusive access to premium investment opportunities throughout the year.
Exclusive invitations to special VIP events held at our corporate office in Houston, and at energy industry conferences and meetups throughout the United States.
Access to the Investor Portal with VIP customer service.

Key Deal Facts

$5.5M+ Raised for Oil and Gas Projects to Date.
Strong social media presence with 22.9K Twitter Followers and 14.5K Facebook Followers.
$225,000 Average Investment Per Project to Date.
Featured in Forbes, Barron’s, CNBC, and the Huffington Post, among others.

Use of Proceeds

  • 50% Salary
  • 30% Technology development
  • 15% Marketing and advertising
  • 5% Legal

Management Team / Advisory Board Bios

Casey Minshew
CEO
With an extensive background that encompasses 15 years of experience across technology, commercial real estate and energy, Casey brings deep knowledge and experience growing early-stage ventures into hyper-growth scalable organizations. He has been a part of three successful start-up companies, most recently growing startup iWowWe from zero to twelve million dollars in revenue in less than 2 years. With years of experience serving as an advisor to the startup community, he brings a strong history of building teams and developing systems and processes that scale organizations by identifying and optimizing their unique growth potential.

Michael Racusin
CIO
As the lead strategist and architect for the EnergyFunders platform and overall website, Michael’s goal is to create a framework, marketing strategies, and streamlined operations that will allow for maximum scalability of the company. A seasoned corporate law attorney, Michael has been invaluable in creating a transparent, compliant crowdfunding platform that serves both the investors and operators.

Philip Racusin
CSO
A seasoned litigation attorney, he has successfully represented clients, ranging from individuals to large companies, in a variety of legal disputes for nearly a decade. He also launched several startup ventures prior to EnergyFunders, including a legal technology company. Both a savvy entrepreneur and accomplished litigator, Philip fuses legal expertise with astute business know-how to navigate the oil and gas industry’s regulatory waters and carefully pre-vet each project offered through the site.

Reed Stiles
VP, Upstream
Prior to joining EnergyFunders, Reed spent 5 years working as a reservoir engineer and team lead at ConocoPhillips in Houston, where he focused on developing and operating their Delaware Basin and Northwest Shelf assets in the Permian Basin. While in graduate school, he found his calling in entrepreneurship and the tech startups. Reed brings a unique mix of upstream technical and operational experience, business knowledge, and passion for new technology. Reed graduated with a B.S. in Petroleum Engineering from The University of Tulsa and also received his MBA from Rice University.

Derrick Hale
COO
Derrick has founded two successful Oil & Gas companies and has over a decade of experience in both Oil & Gas and technology start-ups. He has taken over our business development responsibilities, the due diligence process, and as a Registered Professional Landman, he advises EnergyFunders on title and working interest partners. He attended the University of Texas at Austin.

Aalok Shah
CTO
A seasoned leader with the unique ability to bridge the gap between business and technology, Aalok has a proven record of understanding both the macro and micro views of business processes and platform architecture. He has previously worked with several Fortune 100 companies, and led an entire team from startup mode to a mature Software as Service (SaaS) platform generating millions in revenue. His high level of tech background allows him to provide his deep expertise in not only business, but also the intricate technology details needed to navigate his company to success.

Deal Notes

  • Security Type: Crowd Note
  • Conversion discount: 20.0%
  • Valuation Cap: US $10,000,000
  • Interest rate: 5.0%
  • Note term: 24 month
  • Minimum investment: US $1,000
  • Target Minimum: US $500,000
  • Maximum Raise Amount: US $1,070,000
Amount Raised : $584,163
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Valuation

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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