Data / Crowdfunding / Texas / Downland Inc.
Downland Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $2,000,000 (2024)
Downland Inc., a corporation in Austin, TX, filed a Form C with the SEC on October 17, 2024 to raise $50,000 to $2,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $755 in revenue and a net loss of $152,825, with 1 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.godownland.com
- Funding portal
- Wefunder Portal LLC
- Address
- 2521 Magin Meadow Drive, Austin, TX 78744
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 21, 2024
- SEC CIK
- 0002016917
Offering terms
From the amendment filed October 17, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $2,000,000
- Deadline
- April 30, 2025
- Portal compensation
- 6.9% 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-AR filed March 25, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $755 | $900 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-152,825 | $-69,980 | sec.gov |
| Taxes paid | $2,634 | $450 | sec.gov |
| Total assets | $60,562 | $55,089 | sec.gov |
| Cash | $13,677 | $8,633 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $52,652 | $74,750 | sec.gov |
| Long-term debt | $93,770 | $35,770 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 25, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| October 17, 2024 | Amendment | $50,000 | $2,000,000 | April 30, 2025 | Changing Regular Bird valuation to $2.5M (from $5M) and Early Bird valuation to $2.25M (from $4.5M). | sec.gov |
| March 26, 2024 | Offering | $50,000 | $2,000,000 | April 30, 2025 | sec.gov |
Updated March 25, 2026. 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.