Fundraise Up

Fundraise Up

Help nonprofits around the world make a greater impact

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Security Type
SAFE
Categories
Service Businesses
Min Investment
$100
Location
Brooklyn, NY
Offering Date
September 17, 2018
Expected Close Date
March 08, 2019
Target Raise
$50.00K
Deal Notes

First $150K investors of this fundraise will invest in a SAFE with a $7M valuation cap.

20%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $7M in the future.

Company Description

We generate more income for nonprofits so that they can do more. And we do that through tech and the donation process.

Use of Proceeds

If we raise: $50,000

80% toward product development, 15% toward general operations, 5% toward Wefunder fees

 

If we raise: $500,000

60% toward product development, 20% toward product business development, 15% toward general operations, 5% toward Wefunder fees

 

If we raise: $1,000,000

40% toward product development, 40% toward product business development, 15% toward general operations, 5% toward Wefunder fees

Management Team / Advisory Board Bios

Peter Byrnes - Chief Executive Officer
Ran a successful design studio in Brooklyn for 20 years. Founded multiple companies.

Yuriy Smirnov - Chief Operating Officer
Build and led tech startups valued at over $100M. Ran dev company with $1M annual revenue.

Anton Isaykin - Chief Technical Officer
Founded & sold Spotify-like music app with 4M MAUs.

Deal Notes

First $150K investors of this fundraise will invest in a SAFE with a $7M valuation cap.

20%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $7M in the future.

Amount Raised : $0
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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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