Is this available for IRA’s through Forge Trust?

We'll need to reach out to WeFunder to get an answer on this.

What did the previous round value the company at?

Our prior round was ~32M post money and closed in 2020. As context, the valuation growth is directly proportionate to our revenue growth. Our revenue in 2020 in was ~$4.2M vs ~$10.1M from midyear 2021 to mid-year 2022.

Is there an exit strategy in mind?

We would like to produce some of liquidity in 3-5 years or less. I believe sale or majority investment that produces partial liquidity is the most likely path given where the market and industry stand today. While there has not yet been meaningful M&A in the sector, growth has ballooned in the last 2-3 years against all types of online alternative investing (and online investing more broadly) and the interest of larger incumbent players in retail investors is growing with it. Ultimately, ...

Hi I have a few questions. First, I just want to make sure I understand the valuation / math: So the previous priced round was $4.8M which given your statement below that post-money valuation was $32M, that's a roughly $27M pre-money valuation which equates to 6x-7x revenue mu...

Hi Ray - You're thinking about it the right way. The $75M is a post-money valuation cap so it also represents around a 6.5X revenue multiple on a pre-money basis. While you will frequently see significantly higher revenue multiples, our goal was to price the this round and our prior round comparably and provide upside for investors if we're able to achieve higher multiples on future funding. It is also the same valuation that our other investors received, including the initial lead. In terms ...

Currently, only accredited investors have access to the investments. Is opening to non-accredited investors a possibility in the future?

Hi Brad - yes, we are planning to expand to non-accredited investors in the future. As we begin to roll out more diversified investment options, we will be able to expand to non-accredited investors.

EquityMultiple Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

60% revenue CAGR 2018 to 2022

Over $170M in transaction volume in 2022

$10M in LTM Revenue (November 2023)

1st-in-the-industry corporate partnership & investment from Marcus & Millichap ($1.5B+ Market cap)

Backed by Founder of Knight Trading ($5B+ market cap)

$22M+ previously raised, including $1.4M from Wefunder in Q1 2023

75% growth in total amount invested per customer over 5 years

Inc. listed our company in their 5000 Fastest-Growing Private Companies in America 2021 and 2022

EquityMultiple

Fractional Real Estate Investing With $9.9M in Annual Revenue

$6,720,896

Updates

EquityMultiple

Quick facts

Team profiles

Featured investor profiles

$6,720,896

Updates