Data / Crowdfunding / Virginia / Gravatate, Inc.
Gravatate, Inc.: crowdfunding raise on Wefunder Portal LLC, $70,000 to $175,000 (2019)
Gravatate, Inc., a company in Reston, VA, filed a Form C with the SEC on September 20, 2019 to raise $70,000 to $175,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on January 17, 2020. In its most recent fiscal year it reported $234 in revenue and a net loss of $180,420, with 2 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.gravatate.com
- Funding portal
- Wefunder Portal LLC
- Address
- 11710 Plaza America Drive Suite 2000, Reston, VA 20190
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- March 27, 2014
- SEC CIK
- 0001787343
Offering terms
From the offering filed September 20, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $70,000
- Maximum
- $175,000
- Deadline
- January 17, 2020
- 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 September 20, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $234 | $0 | sec.gov |
| Cost of goods sold | $17,168 | $11,238 | sec.gov |
| Net income | $-180,420 | $-152,468 | sec.gov |
| Taxes paid | $2,350 | $2,100 | sec.gov |
| Total assets | $322,023 | $243,702 | sec.gov |
| Cash | $50,852 | $700 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $117,300 | $103,397 | sec.gov |
| Long-term debt | $250,074 | $34,036 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 20, 2019 | Offering | $70,000 | $175,000 | January 17, 2020 | sec.gov |
Updated September 20, 2019. 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.