Data / Crowdfunding / Delaware / Areto Labs Inc.
Areto Labs Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $124,000 (2023)
Areto Labs Inc., a corporation in Middletown, DE, filed a Form C with the SEC on May 16, 2023 to raise $50,000 to $124,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $237,258 in revenue and a net loss of $551,979, with 9 employees.
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- Website
- aretolabs.com
- Funding portal
- Wefunder Portal LLC
- Address
- 651 N Broad St, Suite 201, Middletown, DE 19709
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 21, 2020
- SEC CIK
- 0001975399
Offering terms
From the offering filed May 16, 2023.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $124,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed May 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $237,258 | $277,751 | sec.gov |
| Cost of goods sold | $107,270 | $35,970 | sec.gov |
| Net income | $-551,979 | $15,824 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $378,262 | $127,021 | sec.gov |
| Cash | $325,819 | $51,345 | sec.gov |
| Accounts receivable | $52,443 | $75,676 | sec.gov |
| Short-term debt | $939,670 | $132,422 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 16, 2023 | Offering | $50,000 | $124,000 | April 29, 2024 | sec.gov |
Updated May 16, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.