Data / Crowdfunding / New York / Fundraise Up Inc.
Fundraise Up Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,000,000 (2018)
Fundraise Up Inc., a corporation in Brooklyn, NY, filed a Form C with the SEC on September 17, 2018 to raise $50,000 to $1,000,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on March 8, 2019. In its most recent fiscal year it reported $148,092 in revenue and a net loss of $401,810, with 4 employees.
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- Website
- fundraiseup.com
- Funding portal
- Wefunder Portal LLC
- Address
- 114 8Th Street, Brooklyn, NY 11215
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 11, 2017
- SEC CIK
- 0001735289
Offering terms
From the offering filed September 17, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,000,000
- Deadline
- March 8, 2019
- Portal compensation
- 5.0% 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 June 15, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $148,092 | $28,470 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-401,810 | $-187,414 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $376,308 | $397,202 | sec.gov |
| Cash | $376,308 | $397,202 | sec.gov |
| Accounts receivable | $148,092 | $28,470 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $897,523 | $515,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 15, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| September 17, 2018 | Offering | $50,000 | $1,000,000 | March 8, 2019 | sec.gov | |
| April 13, 2018 | Amendment | $25,000 | $500,000 | June 15, 2018 | No Crowd Note was sold prior to this Form C/A. Company dded more details to the previously issued $25K Convertible Note. | sec.gov |
| April 12, 2018 | Offering | $25,000 | $500,000 | June 15, 2018 | sec.gov |
Also on SpecStream
Updated June 15, 2020. 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.