Data / Crowdfunding / California / Phone2 Inc.
Phone2 Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $700,000 (2022)
Phone2 Inc., a corporation in Irvine, CA, filed a Form C with the SEC on September 20, 2022 to raise $50,000 to $700,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $2,163 in revenue and a net loss of $65,458, with 3 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
- phone2.io
- Funding portal
- Wefunder Portal LLC
- Address
- 5151 CALIFORNIA AVENUE, Irvine, CA 92617
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 13, 2022
- SEC CIK
- 0001942453
Offering terms
From the amendment filed September 20, 2022.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $700,000
- Deadline
- April 30, 2023
- Portal compensation
- 6.5% 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-AR filed March 23, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $2,163 | $0 | sec.gov |
| Cost of goods sold | $59,667 | $0 | sec.gov |
| Net income | $-65,458 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $29,850 | $0 | sec.gov |
| Cash | $12,325 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $501 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 23, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 20, 2022 | Amendment | $50,000 | $700,000 | April 30, 2023 | Adding Early Bird to the raise. | sec.gov |
| August 29, 2022 | Offering | $50,000 | $700,000 | April 30, 2023 | sec.gov |
Updated March 23, 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.