Company Profile (AI Text)
Name: Groundfloor Club
Canonical URL: https://wefunder.com/groundfloorclub
Updated at: 2026-06-22T05:03:58Z

Tagline: Platform curing loneliness and reconnecting humanity

Key claims:
- Total raised on Wefunder: 204443 | citation: https://wefunder.com/groundfloorclub#claim-total-raised
- Total investors: 247 | citation: https://wefunder.com/groundfloorclub#claim-total-investors

Verified facts:
- Total raised on Wefunder: 204443 | observed_at: 2026-06-22T05:03:58Z | expires_at: 2026-06-23T05:03:58Z
- Total investors: 247 | observed_at: 2026-06-22T05:03:58Z | expires_at: 2026-06-23T05:03:58Z

Computed metrics:
- total_amount_raised: 204443
- total_investors: 247
- team_size: 3
- featured_investor_count: 3
- faq_count: 5
- recent_post_count: 0

Quick facts:
- $2M revenue run rate, up 189% from 2022 | citation: https://wefunder.com/groundfloorclub#claim-fact-1
- 4 locations opened in under 2 years | citation: https://wefunder.com/groundfloorclub#claim-fact-2
- $3M from investors including 2048 Ventures, Vitalize, Jacob Jaber, (Co-Founder of Philz Coffee) | citation: https://wefunder.com/groundfloorclub#claim-fact-3
- Profitable locations with 70% gross margins | citation: https://wefunder.com/groundfloorclub#claim-fact-4
- 1.4K members in current locations, growing 20% MoM | citation: https://wefunder.com/groundfloorclub#claim-fact-5
- Proprietary technology including friendship matching algorithm | citation: https://wefunder.com/groundfloorclub#claim-fact-6
- Featured in Forbes, The Information, San Francisco Chronicle, LA Times and more | citation: https://wefunder.com/groundfloorclub#claim-fact-7

FAQ:
- Q: Is it a QSBS business (https://carta.com/uk/en/blog/qsbs/)
  A: Hey Guenadi, thanks for the question. I believe so, but we've not had that specific question before and you should check with a tax professional to double check. Let me know if I can help further!
- Q: Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
  A: Hey Teddy! Thanks for the questions: - Most recent burn was $38K (Jan 2024) and we're tracking to company-level profitability within 6 months - Most recent cash on hand was $506K (end of Jan) - No parallel VC round; we're offering this opportunity to Vitalize angels only
- Q: It would be nice if you had a website link and video like other companies that way I can check out things more. I don't see nothing. Thanks
  A: Hey John - thanks for reaching out. Website is here: https://groundfloorclub.com/
- Q: Hey there Groundfloor Team, your raise shows a $25M valuation cap, but your SEC filings show a $15M cap. Can you please confirm which one is accurate and explain the difference? Thank you! Edited: Sorry, I'm now seeing the $15M cap was from your previous filing in Jan 2024. Wi...
  A: Hey Dan thanks for the question! $15M was our earlybird valuation cap for the first $100K raised on WeFunder, before increasing to $25M for the rest of the round. $25M post-money is a more reasonable market rate for where we are with traction and revenue, and is the valuation cap we've been raising on outside of this WeFunder campaign. Happy to help here if you have any more questions, or feel free to shoot me an email - jamie@groundfloorclub.com.
- Q: Hi Jamie, Where else are you looking to expand after the LA/Echo Park location opens, and what's the time frame for new openings? As well, what's the exit strategy for investors? Is the hope to sell to PE or to eventually try and go public? What's the timeline for an exit as w...
  A: Hey Adam, thanks for the questions! After Echo Park we'd love to do more LA locations. Our model is small locations in residential neighborhoods, close to home. We believe there's a lot of value in members being able to access more than one location in a single city so they can plug into that neighborhood when they travel across town. We've seen this in the Bay Area locations with a lot of members moving between each location and experiencing the unique programming of each. We've grown very q...