Data / Crowdfunding / New York / HigherMe
HigherMe: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2018)
HigherMe, a corporation in Buffalo, NY, filed a Form C with the SEC on May 3, 2018 to raise $50,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 8, 2018. In its most recent fiscal year it reported $1,178,125 in revenue and a net loss of $928,151, with 20 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.higherme.com
- Funding portal
- Wefunder Portal LLC
- Address
- 640 Ellicott Street, Buffalo, NY 14203
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 24, 2014
- SEC CIK
- 0001618941
Offering terms
From the amendment filed May 3, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- October 8, 2018
- 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 April 26, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,178,125 | $933,695 | sec.gov |
| Cost of goods sold | $410,281 | $344,555 | sec.gov |
| Net income | $-928,151 | $-1,008,002 | sec.gov |
| Taxes paid | $4,625 | $0 | sec.gov |
| Total assets | $1,014,892 | $444,910 | sec.gov |
| Cash | $505,314 | $375,921 | sec.gov |
| Accounts receivable | $1,000 | $1,159 | sec.gov |
| Short-term debt | $28,914 | $4,600 | sec.gov |
| Long-term debt | $500,000 | $70,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 26, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| May 3, 2018 | Amendment | $50,000 | $1,070,000 | October 8, 2018 | Financials and early bird contract were not attached in the initial filing. The documents have been added, and the updated business plan. | sec.gov |
| April 12, 2018 | Offering | $50,000 | $1,070,000 | October 8, 2018 | sec.gov |
Updated April 26, 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.