OpenGrants

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Security Type
Other
Categories
Technology, Government, Financial Services, Community & Lifestyle
Min Investment
$100
Location
Folsom, CA
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$750.00K
No. Investors
89
Security Price
$1
Website
opengrants.io
Number of Employees
6
Cash
$6,820
Revenue
$60,095
Short Term Debt
$35,991
Cost of Goods
$22,489
Long Term Debt
$530,000
Net Income
$-459,881

Company Description

💰 $189K 2021 Revenue
📈 29% user growth month-over-month with zero paid marketing
❤️ Net Promoter Score is 80 and trending up
💸 170% revenue growth YoY
✅ 480 active users and 5,500 total users
💪Backed by notable funds such as BoostVC, A100x, and Globivest
🧠Team has experience building SaaS for the government, and raising millions in for startups
✅ Rate of successful submission increased by 35% on average

Key Deal Facts

💰 $189K 2021 Revenue
📈 29% user growth month-over-month with zero paid marketing
❤️ Net Promoter Score is 80 and trending up
💸 170% revenue growth YoY
✅ 480 active users and 5,500 total users
💪Backed by notable funds such as BoostVC, A100x, and Globivest
🧠Team has experience building SaaS for the government, and raising millions in for startups
✅ Rate of successful submission increased by 35% on average

Use of Proceeds


$50,000
92.5% will go towards hiring additional developers. 7.5% will go towards WeFunder fees.




$750,000
42.5% will go towards hiring additional developers. 20% will go towards marketing. 30% will go towards outsourced talent for SEO, UX/UI upgrades and testing. 7.5% will go towards WeFunder fees.



Amount Raised : $157,552
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Security Description

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