{"data":{"type":"company_profile_ai","id":80206,"entity_id":"wefunder:company:80206","attributes":{"canonical_url":"https://wefunder.com/gilgal.general","retrieval_urls":{"canonical":"https://wefunder.com/gilgal.general","json":"https://wefunder.com/gilgal.general.json","markdown":"https://wefunder.com/gilgal.general.md","ai_json":"https://wefunder.com/gilgal.general.ai.json","ai_text":"https://wefunder.com/gilgal.general.ai.txt","changelog_json":"https://wefunder.com/gilgal.general.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-06-17T05:02:03Z","generated_at":"2026-06-18T03:11:20Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"company":{"id":80206,"entity_id":"wefunder:company:80206","slug":"gilgal.general","name":"Gilgal General, Inc.","tagline":"Building the next great American electronic trading exchange marketplace-NASDAQ","elevator_pitch":"We are a marketplace. A trading platform. An electronic trading exchange for annuities. We are building an electronic trading exchange for annuities to make annuities exchange-traded contracts (exchange-traded annuities), and help retirees here in the US and elsewhere offload portions of their retirement savings (401k, IRA) to insurance companies in exchange for retirement guaranteed income at the exchange. All done electronically.","location":"New York, NY","website":"https://www.gilgalgeneral.com/","total_amount_raised":140911,"total_investors":67,"is_funded":true,"is_active":true},"key_claims":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 140911","citation":"https://wefunder.com/gilgal.general#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-18T05:02:03Z"},{"claim_id":"claim-total-investors","text":"Total investors: 67","citation":"https://wefunder.com/gilgal.general#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-18T05:02:03Z"}],"verified_facts":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 140911","citation":"https://wefunder.com/gilgal.general#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-18T05:02:03Z"},{"claim_id":"claim-total-investors","text":"Total investors: 67","citation":"https://wefunder.com/gilgal.general#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-18T05:02:03Z"}],"company_claims":{"tagline":"Building the next great American electronic trading exchange marketplace-NASDAQ","elevator_pitch":"We are a marketplace. A trading platform. An electronic trading exchange for annuities. We are building an electronic trading exchange for annuities to make annuities exchange-traded contracts (exchange-traded annuities), and help retirees here in the US and elsewhere offload portions of their retirement savings (401k, IRA) to insurance companies in exchange for retirement guaranteed income at the exchange. All done electronically.","story":"The world’s first trading exchange platform unites retirees and insurance companies in one central, electronic trading marketplace for annuity contracts—eliminating commission fees, making contracts market-traded, and providing retirees with a guaranteed income and peace of mind.Retirement used to be simple and predictable, but the math has changed... and planning for retirement is now a gamble many retirees simply can’t affordMany big promises offered by annuities evaporate once rates are adjusted and fees kick in—fees buried deep in the contract or not shown at all. These include but are not limited to: commission, underwriting, fund management, penalties, tax opportunity cost, and tax to beneficiaries…Gilgal General is building the world’s first electronic marketplace for annuity contracts, giving retirees and investors the ability to transfer retirement savings (401Ks, IRAs) to insurance companies, and purchase contracts directly from a trading exchange without paying commission fees to brokers and investment advisersExchange-traded annuity contracts will trade in the same way as current exchange-traded funds (ETFs) on the stock exchange, such as BlackRock iShares ETFs or State Street Spiders. This enables retirees and investors to purchase annuity contracts from an electronic trading exchange—commission-free.Created in collaboration with insurer partners, our exchange trading platform brings annuities directly to a market trading exchange, bypassing the middlemen—brokers and investment advisers—keeping more money in the pockets of our retirees.Gilgal takes an incredibly complex solution and boils it down to a stunningly simple and efficient process for retirees : 1) select the annuity contract type straight from your brokerage account or workplace retirement platform, 2) analyze current market quotes, 3) submit order. The contract order is executed in seconds, not weeks like with current systems.Gilgal’s founder and key software engineers have worked together for nearly 6 years, boasting previous experience with all the big names in capital markets. Strategic advisors include the VP and the Managing Director at Goldman Sachs.The 2019 SECURE Act annuity provision lets employers carry annuities on workplace retirement plans without incurring fiduciary liability risk. Similar to how the 2006 Pension Protection Act (PPA) paved the way for auto-enrollment and auto-increase in workplace retirement plans, the 2019 SECURE Act will have a huge market adoption impact in the workplace retirement savings market.With nearly $2.13T in current outstanding annuity contracts and $225B in annual sales, now’s the time for Gilgal. With the right technology execution and the right incentive mechanisms to insurer partners and retirement platform providers, Gilgal is uniquely positioned to capture this fast-growing market.Multiple additional moats of revenue, in combination with our incredible traction of member-insurer firms to launch our unique and disruptive exchange, enables us to project ARR (annual recurring revenue) of $79.5M by 2024-2025.By building multiple platforms and engines for retirees and insurers, Gilgal is bringing the previously offline, bespoke, and manual annuity contract into the future with ambitious goals and milestones.Gilgal General: a unique opportunity and a tireless commitment to solving a huge, fast-growing problem. 10,000 Americans retire every day. We’ve built cutting-edge technology that could truly make a difference for all of them. Join us in capitalizing on a huge market opportunity while giving retirees peace of mind","quick_facts":["The world’s first global annuity contracts electronic trading exchange: the NASDAQ for annuities.","Founder has 20+ years of Wall Street trading experience at Deutsche Bank, Bank of America, UBS, RBC.","$225B annuity sales market ripe for technological innovation \u0026amp; disruption.","$2.13T US annuity contracts outstanding + $20B in annual US pension annuity sales.","US insurance companies eager to be part of the electronic trading exchange platform.","4 year contract agreement/partnership with ICE - InterContinental Exchange for market data share.","The first buy \u0026amp; sell exchange-traded annuity contracts boasts NO commissions, NO surrender charges.","Tight-knit founding team worked together in bond trading at RBC Capital Markets for almost 5 years."]},"computed_metrics":{"total_amount_raised":140911,"total_investors":67,"team_size":6,"featured_investor_count":1,"faq_count":5,"recent_post_count":1},"quick_facts":[{"claim_id":"claim-fact-1","value":"The world’s first global annuity contracts electronic trading exchange: the NASDAQ for annuities.","citation":"https://wefunder.com/gilgal.general#claim-fact-1","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-2","value":"Founder has 20+ years of Wall Street trading experience at Deutsche Bank, Bank of America, UBS, RBC.","citation":"https://wefunder.com/gilgal.general#claim-fact-2","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-3","value":"$225B annuity sales market ripe for technological innovation \u0026amp; disruption.","citation":"https://wefunder.com/gilgal.general#claim-fact-3","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-4","value":"$2.13T US annuity contracts outstanding + $20B in annual US pension annuity sales.","citation":"https://wefunder.com/gilgal.general#claim-fact-4","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-5","value":"US insurance companies eager to be part of the electronic trading exchange platform.","citation":"https://wefunder.com/gilgal.general#claim-fact-5","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-6","value":"4 year contract agreement/partnership with ICE - InterContinental Exchange for market data share.","citation":"https://wefunder.com/gilgal.general#claim-fact-6","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-7","value":"The first buy \u0026amp; sell exchange-traded annuity contracts boasts NO commissions, NO surrender charges.","citation":"https://wefunder.com/gilgal.general#claim-fact-7","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"},{"claim_id":"claim-fact-8","value":"Tight-knit founding team worked together in bond trading at RBC Capital Markets for almost 5 years.","citation":"https://wefunder.com/gilgal.general#claim-fact-8","observed_at":"2026-06-17T05:02:03Z","expires_at":"2026-06-24T05:02:03Z"}],"latest_fundraise":{"id":43470,"entity_id":"wefunder:fundraise:43470","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-05-14T22:11:07Z","funding_closed_at":"2022-01-15T05:02:29Z"},"investor_memos":[],"team":[{"id":1644845,"entity_id":"wefunder:company_role:1644845","name":"Alexander Ampontuah","title":"Founder/CEO","role":"founder","profile_url":"https://wefunder.com/alexanderampontuah"},{"id":1659419,"entity_id":"wefunder:company_role:1659419","name":"Bo Qian","title":"Software Engineer","role":"employee"},{"id":1659427,"entity_id":"wefunder:company_role:1659427","name":"Cenray Gangadharan","title":"Software Engineer","role":"employee"},{"id":1659430,"entity_id":"wefunder:company_role:1659430","name":"Grant Eldred","title":"Adviser","role":"employee","profile_url":"https://wefunder.com/granteldred"},{"id":1659438,"entity_id":"wefunder:company_role:1659438","name":"Leon H. Tatevossian","title":"Adviser","role":"employee","profile_url":"https://wefunder.com/leonhtatevossian"},{"id":1659445,"entity_id":"wefunder:company_role:1659445","name":"Stan Lewis","title":"Adviser","role":"employee"}],"featured_investors":[{"id":5321,"entity_id":"wefunder:company_investor_profile:5321","name":"David Guercia","bio":"Founder/CEO of Centrinel, llc.","profile_url":"https://wefunder.com/david.guercia"}],"relationships":[{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:user:1419540","target_url":"https://wefunder.com/alexanderampontuah"},{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1659419"},{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1659427"},{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:user:1418106","target_url":"https://wefunder.com/granteldred"},{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:user:1424443","target_url":"https://wefunder.com/leonhtatevossian"},{"source_entity_id":"wefunder:company:80206","relation":"has_team_member","target_entity_id":"wefunder:company_role:1659445"},{"source_entity_id":"wefunder:company:80206","relation":"has_featured_investor","target_entity_id":"wefunder:user:1420315","target_url":"https://wefunder.com/david.guercia"},{"source_entity_id":"wefunder:company:80206","relation":"has_recent_update","target_entity_id":"wefunder:feed_item:174047","target_url":"https://wefunder.com/feed/174047"},{"source_entity_id":"wefunder:company:80206","relation":"has_latest_fundraise","target_entity_id":"wefunder:fundraise:43470"}],"faq":[{"question":"1) Can you give a brief overview of how you came up with the term “Breads” to describe your product? Also, is that designation set in stone or possibly still in flux? 2) From the pitch, it looks like there won’t be a product launch until later this year. With that in mind, can...","answer":"Hi Kevin. That's a great questions. 1)Because we are helping retirees/investors buy electronically traded annuities contracts through an exchange to provide them guaranteed retirement income from insurance companies, \"Breads\" represents income for life, giving retirees provision or \"bread\" in their retirement age. 2) We have build quite a lot of technology: 1) the trade match engine, 2) the trade order entry routing system (critical foundations), 3)the trade order entry interface for insurers..."},{"question":"So you are the trading platform or you are using being traded on a trading platform?","answer":"Hi Tal, Many thanks for the question. We are the trading platform. We are building a trading exchange/platform that will list live annuity contracts to be traded on liquid electronic trading exchange. Think of us like NASDAQ but for annuity contracts."},{"question":"How do you envision these actually trading given there can be all sorts of different types of annuities? Different monthly amounts, different start dates, lump sums, etc. What would it look like to the retiree trying to buy one off of your exchange?","answer":"Hi Aaron, Many thanks for the question. It's a great question. We are building the contracts to be standardized. Standardized monthly contracts payments for all annuity types across the contract maturity spectrum. Think of a futures trading exchange. For example, May 2026 fixed annuity contract (5yr fixed annuity), that starts paying this May. So an investor buying this 5yr fixed contract will get paid pro-rata (in between months) and every month, this contract will \"roll\" to the next month (..."},{"question":"Hello, I currently work in the Pension Risk Transfer space and I’m very excited to see your idea come to life. I believe there is massive upside to this idea. Before I invest, I have a few questions I’m hoping you can address. 1. If you are an individual buying an annuity, one...","answer":"Hi Eric, It's very nice to meet you. Great questions. I'm happy to have a call or 15 minute Zoom with you if you like to give you all the details. But will address your questions here for the general audience. 1) The contracts are standardized among all the insurers at the exchange and the contracts are also risk-based (margined). This means that each contract that each insurer bids for and wins at the exchange must be margined/risked (the insurer must post capital for each trade/contract). T..."},{"question":"Hi Alexander, It’s definitely an interesting idea, my question is, when building this marketplace, what incentives do the sellers of the annuities (i.e. insurance groups, etc..) have in participating in this setup? Is it worth it for them to forgo the commission they make in t...","answer":"Hi Amit, It's great to meet you. Great question. So insurers don't get paid commissions. Rather, they pay upfront commissions to advisers/brokers to sell/distribute the annuities for them. This is a cost to the insurers because they lack distribution infrastructure. By setting up a trading exchange, insurers effectively bypasses the commissions they were paying brokers/advisers to sell/distribute annuities to retirees for them. Exchange traded annuities will be directly listed on the trading ..."}],"recent_posts":[{"id":174047,"entity_id":"wefunder:feed_item:174047","title":"Gilgal General Investor Update","preview":"Hello everyone!Just some thoughts on some key macro backdrop that we've observing in discussions with venture capital ecosystem in here New York and elsewhere, as well as few private equity and banks that I keep in regular communication lines. We have built plenty of technology. What we been dealing with along with everyone else here in New York and Silicon Valley have been dealing with is capital. Access to capital. Very challenging capital environment. This isn't a surprise to any investor ...","published_at":"2024-06-15T05:59:59Z","canonical_url":"https://wefunder.com/feed/174047"}],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-18T03:11:20Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-17T05:02:03Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-12-30T20:16:44Z","as_of":"2026-06-18T03:11:20Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-12-30T20:16:44Z","as_of":"2026-06-18T03:11:20Z","confidence":"medium"}}}}}}