Data / Crowdfunding / Connecticut / Subverse Inc.
Subverse Inc.: crowdfunding raise on Wefunder Portal LLC, $100,000 to $1,070,000 (2019)
Subverse Inc., a corporation in Westport, CT, filed a Form C with the SEC on July 19, 2019 to raise $100,000 to $1,070,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on October 24, 2019. In its most recent fiscal year it reported $921 in revenue and a net loss of $63,286, with 6 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
- scnr.com
- Funding portal
- Wefunder Portal LLC
- Address
- 50 Charles St, Westport, CT 06880
- Legal form
- Corporation
- Jurisdiction
- CT
- Incorporated
- June 5, 2019
- SEC CIK
- 0001782888
Offering terms
From the offering filed July 19, 2019.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- October 24, 2019
- Portal compensation
- <p>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.</p>
Financials
From the Form C-AR filed February 12, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $921 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-63,286 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $143,016 | $0 | sec.gov |
| Cash | $86,176 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 12, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| June 22, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| January 24, 2020 | Progress update | $100,000 | $1,070,000 | August 9, 2019 | The final number is $1,070,000.00 in investments. | sec.gov |
| July 19, 2019 | Offering | $100,000 | $1,070,000 | October 24, 2019 | sec.gov |
Updated February 12, 2024. 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.