03-03-2021, 01:43 AM
Top February Raises of crowdfunding startups
<!-- SC_OFF --><div class="md"><p>Kingscrowd collects statistics on crowdfunding startups. Here's the top raises in February.</p> <p><a href="https://www.kingscrowd.com/monthly-raise/?tf=02/28/2021">https://www.kingscrowd.com/monthly-raise/?tf=02/28/2021</a></p> <p>Notably, Cloudastructure has raised $9.3 million in February and $24 million to date in this round. Cloudastructure previously raised money on republic.co with a SAFE at a $7 million cap and on wefunder.com at a $10 million cap. They are now raising at a pre-money valuation of $30 million. This implies a current valuation of $54 million. </p> <p>Because of the terms of the SAFEs, those who invested in the SAFEs are not being diluted in this round. If you put $1000 in a SAFE with a $7 million cap, it should be worth almost $8000, exactly ($54/$7)*$1000, now. Of course, it's illiquid and you can't sell yet. I thought this was a good deal and bought in at both $7 million cap and more at the $10 million cap. It will be interesting to see what they can do with this $24 million. They really haven't raised any significant money before, it was just enough to keep the lights on, do a little development and a little selling.</p> <p>I saw a few posts about Graze last year here on <a href="/r/investing">/r/investing</a> . They were advertising heavily on instagram/facebook trying to raise money. They managed to raise $4 million at a valuation of $23 million. (<a href="https://www.kingscrowd.com/graze-on-seedinvest/">https://www.kingscrowd.com/graze-on-seedinvest/</a>) I wonder what their marketing costs were though. I thought this graze deal was overvalued by alot and didn't invest.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ron_leflore"> /u/ron_leflore </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lvuy6t/top_february_raises_of_crowdfunding_startups/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lvuy6t/top_february_raises_of_crowdfunding_startups/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Kingscrowd collects statistics on crowdfunding startups. Here's the top raises in February.</p> <p><a href="https://www.kingscrowd.com/monthly-raise/?tf=02/28/2021">https://www.kingscrowd.com/monthly-raise/?tf=02/28/2021</a></p> <p>Notably, Cloudastructure has raised $9.3 million in February and $24 million to date in this round. Cloudastructure previously raised money on republic.co with a SAFE at a $7 million cap and on wefunder.com at a $10 million cap. They are now raising at a pre-money valuation of $30 million. This implies a current valuation of $54 million. </p> <p>Because of the terms of the SAFEs, those who invested in the SAFEs are not being diluted in this round. If you put $1000 in a SAFE with a $7 million cap, it should be worth almost $8000, exactly ($54/$7)*$1000, now. Of course, it's illiquid and you can't sell yet. I thought this was a good deal and bought in at both $7 million cap and more at the $10 million cap. It will be interesting to see what they can do with this $24 million. They really haven't raised any significant money before, it was just enough to keep the lights on, do a little development and a little selling.</p> <p>I saw a few posts about Graze last year here on <a href="/r/investing">/r/investing</a> . They were advertising heavily on instagram/facebook trying to raise money. They managed to raise $4 million at a valuation of $23 million. (<a href="https://www.kingscrowd.com/graze-on-seedinvest/">https://www.kingscrowd.com/graze-on-seedinvest/</a>) I wonder what their marketing costs were though. I thought this graze deal was overvalued by alot and didn't invest.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ron_leflore"> /u/ron_leflore </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/lvuy6t/top_february_raises_of_crowdfunding_startups/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/lvuy6t/top_february_raises_of_crowdfunding_startups/">[comments]</a></span>Kind Regards R