Givsum, Inc.

Software helping nonprofits raise more money and operate more productively

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Security Type
Convertible Note
Categories
Technology, Financial Services
Min Investment
$100
Location
Aliso Viejo, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
32
Security Price
$1
Website
givsum.com
Number of Employees
4
Cash
$90,553
Revenue
$39,967
Short Term Debt
$74,290
Cost of Goods
$0
Long Term Debt
$34,569
Net Income
$-459,453

Key Deal Facts

💰 400% growth in volume from the previous year. 200% growth in total revenue.
🌱 Revenue from organizations that pay for SaaS and transaction fees • 900+ campaigns in 2021.
💥 15% week-over-week growth in new
subscriptions.
📈Huge market: $471 billion donated to U.S. charities in 2020.
👍 Niche: growth strategy is initially focused on U.S. Rotary clubs + affiliated local charities.
💪🏽 Founding team highly experienced in nonprofits ops, tech, and business law

Management Team / Advisory Board Bios

Shawn Wehan CEO25+ years of experience in the nonprofit and service club sector. Shawn is responsible for setting the overall direction, culture, and product strategy for the company, as well as new growth initiatives., Alan McCann CTO25+ years of experience architecting internet and digital media technology to achieve maximum ROI for investors. Alan is always looking to leverage new technologies, empowering the company to maximize the business impact of its technology resources., Robert Kollar GC25+ years of in-house legal and business experience, which provides the Givsum team the advantage of knowing how to avoid regulatory pitfalls and ensuring legal compliance. He also applies a keen sense of strategy to all business decisions.
Amount Raised : $607,600
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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