LED BY VETERAN FOUNDERS
We invest our time and money in startups we believe in.
We invest our time and money in startups we believe in.
Get first dibs on follow-on investments & pro-rata.
We beat most VC funds by unrealized IRR in 2013-14.
after We Invested
|Last Status||Return Multiple|| Value of
|Zenefits||$581,500,000 $582M||$500M Series C by Fidelity||206.1X||$5,152,500|
|Ginkgo Bioworks||$429,000,000 $429M||$270M Series D by General Atlantic||4.37X||$109,250|
|Rappi||$339,000,000 $339M||$200M by DST Global||12.34X||$308,500|
|Checkr||$149,000,000 $149M||$100M Series C by T. Rowe Price||34.31X||$857,750|
|uBiome||$105,000,000 $105M||$83M Series C by OS Fund|
|GrubMarket||$62,000,000 $62M||$32M Series C by GGV Capital||3.15X||$78,750|
|ShipBob||$61,500,000 $61.5M||$40M Series C by Menlo Ventures||7.31X||$182,750|
|Equipmentshare||$56,500,000 $56.5M||$26M Series B by Insight Venture Partners|
|Ironclad||$30,750,000 $30.8M||$22.75M Series B||2.9X||$72,500|
|Goldbely||$30,000,000 $30M||$20M Series B by Enlightened Hospitality Investments|
|Unbabel||$29,500,000 $29.5M||$23M Series B by Scale Venture||1.45X||$36,250|
|Guesty||$22,750,000 $22.8M||$19.8 Series B by TLV Partners||2.56X||$64,000|
|Casetext||$19,000,000 $19M||$12M Series B by Union Square||2.4X||$60,000|
|Eight (Formerly Luna)||$19,000,000 $19M||$14M Series B by Khosla Ventures||1X||$25,000|
|Flirtey||$16,000,000 $16M||$16M Series A by Qualcomm and Menlo Ventures||1.11X||$27,750|
|Paperspace||$15,778,000 $15.8M||$13M Series A by Battery Ventures||1.63X||$40,750|
|Astranis||$13,500,000 $13.5M||$13.5M Series A by Andreessen Horowitz||1.87X||$46,750|
|Skymind||$11,900,000 $11.9M||$8.9M By Translink Capital & others||1.81X||$45,250|
|Regalii||$11,900,000 $11.9M||$7.9M by Kapor Capital||1.68X||$42,000|
|Aptible||$11,800,000 $11.8M||$11.8M Series A by Maverick Ventures||1.08X||$27,000|
|Freight Farms||$11,000,000 $11M||$7.3M Series B by Spark Capital||1.75X||$43,750|
|Bonfire||$11,000,000 $11M||Acquired by GTY Technology Holdings for $108M||1X||$25,000|
|SimpleLegal||$10,000,000 $10M||$10M Series A by Emergence Capital||2.49X||$62,250|
|Eden||$10,000,000 $10M||$10M Series A by S28 Capital||1.23X||$30,750|
|Mux||$9,000,000 $9M||$9M Series A by Accel||1.33X||$33,250|
|ROSS Intelligence||$8,700,000 $8.7M||$8.7M Series A by iNovia Capital||1.53X||$38,250|
|Labdoor||$7,740,000 $7.74M||$3.4M Series A by Floodgate||1X||$25,000|
|Jopwell||$7,500,000 $7.5M||$7.5M Series A by Cue Ball||1X||$25,000|
|Gecko Robotics||$7,000,000 $7M||$7M Series A by Founders Fund||2.58X||$64,500|
|Virtuix||$7,000,000 $7M||$7M on SeedInvest in 2016||1X||$25,000|
|ZenProspect||$7,000,000 $7M||$7M Series A by Nexus Venture Partners||1X||$25,000|
|LivBlends||$6,900,000 $6.9M||$6.9M by Alumni Ventures||1X||$25,000|
|Privy||$6,350,000 $6.35M||$4.25M Series A by Accomplice||2.68X||$67,000|
|Senic||$6,300,000 $6.3M||$4M by Birchmere Ventures||1X||$25,000|
|Zenysis||$5,800,000 $5.8M||$5.8M Series A by Tencent Holdings||1.65X||$41,250|
|Second Measure||$5,400,000 $5.4M||$5.4M seed round||1X||$25,000|
|Terrafugia||$5,350,000 $5.35M||Acquired by Geely for Stock||1X||$25,000|
|Next Caller||$5,000,000 $5M||$5M Series A by Crystal Towers||1.9X||$47,500|
|Cleanly||$5,000,000 $5M||$5M Series A by AddVenture||1.24X||$31,000|
|Shinesty||$4,460,000 $4.46M||$3.38M Series A||1X||$25,000|
|Gravitational||$4,200,000 $4.2M||$4.2M seed round||1X||$25,000|
|AlphaFlow||$4,100,000 $4.1M||Seed Round $4.1M||1X||$25,000|
|Plate iQ||$4,000,000 $4M||$4M Series A by Eileses Capital||1X||$25,000|
|Circle Medical||$3,500,000 $3.5M||$3.5M by A. Capital Ventures||1X||$25,000|
|Wevorce||$3,100,000 $3.1M||$3.1M Series A by TechStars||1X||$25,000|
|OncoSynergy||$3,000,000 $3M||$3M Series A by Connecticut Innovations||1.44X||$36,000|
|Final||$3,000,000 $3M||Acquired by Goldman Sachs||1X||$25,000|
|Flaviar||$2,250,000 $2.25M||$2.25M Series A by Speedinvest II International||2.08X||$52,000|
|MTailor||$2,000,000 $2M||$2M by Khosla Ventures||1X||$25,000|
|Chai||$2,000,000 $2M||$2M seed round||1X||$25,000|
|Transcend Lighting||$2,000,000 $2M||$2M Seed Round by Rose Capital||1X||$25,000|
|Scope AR||$2,000,000 $2M||$2M by New Stack Ventures||1X||$25,000|
|Lawn Love||$1,900,000 $1.9M||Alive||1X||$25,000|
|One Month||$1,900,000 $1.9M||$1.9M by Arena Ventures||1X||$25,000|
|Instavest||$1,700,000 $1.7M||$1.7M seed round||1X||$25,000|
|RealCrowd||$1,600,000 $1.6M||$1.6M seed round||1X||$25,000|
|PAKIBLE||$1,500,000 $1.5M||$1.5M seed||1X||$25,000|
|Roomstorm||$1,300,000 $1.3M||$1.3M seed round||1X||$25,000|
|Asseta||$1,000,000 $1M||$1M by Flight Ventures||1.54X||$38,500|
|StatusPage.io||$0 $0.0||Acquired by Atlassian for Cash||2.87X||$71,750|
|7 Cups of Tea||$0 $0.0||Alive||1.62X||$40,500|
|Geekatoo||$0 $0.0||Acquired by HelloTech||1.28X||$32,000|
|Interviewed||$0 $0.0||Acquired by Indeed for Cash||1.21X||$30,250|
|GBatteries||$0 $0.0||$1.2M grant by Canada||1X||$25,000|
|Two Tap||$0 $0.0||Alive||1X||$25,000|
|Give Me Tap!||$0 $0.0||Alive||1X||$25,000|
|Meadow||$0 $0.0||$2.1M seed round||1X||$25,000|
|Olset||$0 $0.0||Acquired by Deem Inc.||1X||$25,000|
|Underground Cellar||$0 $0.0||Alive||1X||$25,000|
|Smarking||$0 $0.0||$3M seed round led by Khosla||1X||$25,000|
|Worklife||$0 $0.0||Acquired by Cisco Systems Inc.||1X||$25,000|
|Appcanary||$0 $0.0||Acquired by Github||1X||$25,000|
|The Ticket Fairy||$0 $0.0||Alive||1X||$25,000|
|Outbound||$0 $0.0||Acquired by Zendesk||0.84X||$21,000|
|Automate Ads||$0 $0.0||Failed||0X||$0|
|Valet Anywhere||$0 $0.0||Failed||0X||$0|
|Whale Path||$0 $0.0||Failed||0X||$0|
|Company||Date Closed||Amount Raised on Wefunder||Last Status|
|Everipedia||Dec 2016||$129,878||$30M Series A by Digital Galaxy|
|Beta Bionics||Aug 2016||$1,000,000||$12.5M by Eli Lilly, Novo Nordis, & others|
|Meow Wolf||Jul 2017||$1,069,939||$7.5M follow-on-financing|
|Discotech||Oct 2016||$126,788||$1.2M by Wavemaker Partners|
|Snapwire||May 2017||$184,752||Raised $800k seed by angels|
|Chareau||May 2017||$390,782||Won Double Gold Medal at the 2017 SF World Spirits Competition|
|That Christmas Movie||Oct 2017||$308,900||Alive|
|Epec - James F.C. Hyde Sorgho Whiskey||Oct 2017||$222,459||Alive|
|PlantSnap||Sep 2017||$118,150||#8 paid iPhone app on app store in April 2018|
|BioClonetics Immunotherapeutics||Sep 2017||$386,766||Alive|
|Balance||Sep 2017||$1,078,200||Launched the public beta of Balance Manager|
|Hopsters||Feb 2017||$1,070,000||Opened 2nd location in Seaport on Jan 4|
|Minds||Jun 2017||$1,036,095||Over 1 million users and over 105,000 monthly active users|
|Hops and Grain||Aug 2016||$1,000,000||Alive|
|Legion M||Aug 2016||$999,999||"Bad Samaritan" is opening 5/4!|
|LiquidPiston||Apr 2017||$999,999||Entering UAV market with rotary engine for drones|
|Scrap Connection / Tradefox||Nov 2017||$993,499||Alive|
|Neurohacker Collective||Nov 2017||$808,454||Alive|
|Cleveland Whiskey||Oct 2016||$711,787||Annual sales increased in 2017 by 63%|
|Boardwalk Hospitality||Nov 2017||$500,000||Opened location on Venice Beach|
|Ola Brew Co.||May 2017||$496,140||Alive|
|The Speakeasy||Aug 2016||$459,551||Alive|
|Monkey Rum||Feb 2017||$425,058||Recruited former chief growth officer for Pabst as CEO|
|Force for Good Fund||Nov 2016||$401,401||Alive|
|Digitally Imported||Dec 2017||$396,113||Alive|
|Voyage Media||Jun 2017||$375,983||Alive|
|VetPronto||Nov 2016||$362,718||Acquired by Vetted|
|VAUTE||Nov 2017||$341,406||Upcoming documentary about Vaute from Shopify|
|TAXA Biotechnologies||Aug 2016||$309,807||Failed|
|Barrow's Intense||Dec 2016||$301,688||Partnership with Vermont-based Mad RiverDistillers|
|Happy Tax||Dec 2017||$284,800||Alive|
|The Speakeasy||Aug 2017||$270,788||Alive|
|Haint Blue Brewing Company||Dec 2016||$266,429||Alive|
|This Is Ground||Oct 2016||$252,336||Alive|
|Happy Tax||May 2017||$242,205||Alive|
|Recoup Fitness||Oct 2017||$238,824||On Season 2 premiere of "Entrepreneur Elevator Pitch"|
|South Austin Brewery||Feb 2017||$210,680||Alive|
|Palmia||Jul 2017||$204,565||New distributor, now in Good Eggs & Mollie Stone|
|Bloomery||Jan 2017||$197,000||Successfully lobbied West Virginia to change the law|
|Ridgemont Outfitters||Oct 2017||$195,272||Alive|
|My Trail||Sep 2016||$189,675||New retail location at The Outlets in Silverthorne|
|Urban Juncture||Nov 2017||$176,829||Bernard Lloyd earned 2018 Governor’s Difference Makers Award|
|Magic Instruments||Dec 2016||$175,348||Alive|
|Legion M||Sep 2017||$167,941||Alive|
|Red Bay Coffee Company||Oct 2016||$160,269||Two operations in Oakland and expanding into Richmond|
|MySwimPro||Sep 2017||$131,530||Official training partner of the Global Swim Series|
|Vera Roasting Company||Apr 2017||$128,165||Alive|
|Native American Natural Foods||Dec 2017||$123,152||Alive|
|Tampon Tribe||Apr 2017||$119,119||876% net subscriber gain in 2017|
|Payroll4Free.com, Inc.||Jan 2018||$113,471||Alive|
|Oodles Corporation||Aug 2017||$107,000||Alive|
|QMedic||Sep 2016||$100,000||Named one of the "best entrepreneurial companies in America" by Entrepreneur Magazine|
|Vodi||Jun 2017||$90,391||Partnership with Viettel Group|
|Ganaz Inc.||Nov 2017||$89,420||Accepted to Techstars Seattle|
|Eliot’s Adult Nut Butters||Nov 2017||$89,037||Alive|
|VooDoo Spirits||Sep 2016||$84,312||Alive|
|My Trail||May 2017||$80,820||Alive|
|Spotlight:Girls||Dec 2016||$62,500||Grant from RSF Social Finance|
|Maison Marcel||Dec 2017||$48,025||Alive|
Wefunder also helps compile 3 different reports:
The team completes a deal memo while conducting due diligence. You can choose to invest more directly.
Some portfolio companies - such as the ones that go on to use Wefunder - may opt to do an Annual Report by April 30th. Here's a sample.
By May 30th of each year, Wefunder recalculates realized and unrealized IRR for each fund you invest in.
The MoonShot Fund invests in startups tackling the hard problems that – if they succeed in reaching their vision – would bring us closer to the Jetson’s future promised in the 1960’s.
We will make high-risk investments that have a slim chance of reaching their ambitions. However, we aim to back companies that can be acquired for their technical talent or patent portfolio if they fail, mitigating losses.
Wefunder's fully-owned subsidiary, Wefunder Advisors LLC, manages the fund on your behalf. Wefunder Advisors is an exempt reporting investment advisor. Wefunder Advisor hires a team of domain experts to assist.
You can view Wefunder Advisor's track record. We have historically outperformed the median venture capital firm. We've invested in multiple startups at the seed stage, that are now valued at over several hundred million to a billion dollars, such as Checkr, Zenefits, Gingko Bioworks, Rappi, uBiome, Equipment Share, and ShipBob. In total, we've invested in 10% of Y Combinator's Top 100 companies.
We believe founders make the best early-stage investment decisions. At this stage, there is little data, and intuition from a lifetime of experience is the guide.
Experienced founders often see the best upcoming founders first, well before venture capitalists do, and are typically on the cutting edge of what is new.
Our funds follow-on when those founders make personal investments. Further, most often these foudners are making a personal time commitment to help these startups succeed. We believe matching the wisdom of a group of experienced and well-connected founders will lead to better returns.
For a longer answer, there's a four-part blog article explaining why we created funds, and how we see them as different.
If the Fund has greater than 250 investors, it is regulated as a full-fledged mutual fund, which would dramatically increase costs and make the fund impractical as an investment vehicle.
We place priority on investors who invest high amounts early, but make exceptions for those who can help the portfolio that the Fund invests in.
In order for the Fund to make an investment, partners must personally invest. It can be any single partner with conviction (we believe investing by committees leads to poorer decisions) or any combination of partners.
One fund manager must then approve the deal.
Wefunder Advisors then approves the Fund Investment after conducting compliance and anti-fraud checks.
When investing in earlier stage companies, partners will negotiate valuations based on their experience in the industry.
When investing in later-stage companies, they will often match the valuation and terms set by larger seed funds and venture capitalists.
Equity investments in startups have a very long term horizon. It typically takes 3-10 years for a successful company to have a liquidity event, when it either gets acquired or has an IPO.
Some Funds may invest in main street businesses with annual dividends or revenue share repayments. If this is the case, it will be noted in the investment target description.
For equity deals, we disperse funds to investors when any company has a liquidity event, once per year on May 30th.
If the fund invests in businesses that offer a dividend or share of revenue, those funds will be dispersed once per year on May 30th.
The Fund charges 20% carried interest and a 2% management fee. This is the standard fee for venture capital and private equity funds.
After you invest in the fund, there will be no further capital calls.
Yes, for 5 days.
No. This is not a mutual fund. All capital will be invested in private companies in long-term, illiquid investments.
Each fund is expected to make at least 10 investments. Most will make 20-50.
No. You can't opt out of any individual investment that the fund makes.
In many cases, yes. We expect most startups will want to raise more money than the fund provides. When this happens, we will give inside access to limited partners.
Most often between $10,000 and $25,000. We may invest up to $100,000.
When investments are made, you'll be notified of the selection via e-mail.
Companies on Wefunder that go on to do a Regulation Crowdfunding Campaign are required by law to release an annual report (typically on April 30th) that discloses important items like full GAAP financial statements and a cap table. Here's a actual annual report of one company.
Once a year by May 30th, we will update the estimated unrealized IRR of your portfolio.
We have pro-rata rights in almost all portfolio companies. This means that when a seed investment receives additional investment from a venture capitalist, we have the right to invest more to maintain our percentage ownership on the same terms. Since startup investments obey the power law, it's very important to double down on the winners to turbo-charge returns.
When a pro-rata opportunity exists, we will spin up a special-purpose-fund and give limited partners in the fund the opportunity to invest. We give first priority to those limited partners who invest $50,000 or more.
Here's a concrete example: in 2014, we invested $100,000 in Checkr's seed round. In 2015, Checkr raised $9M from Accel in a Series A. We gave an opportunity to limited partners to invest on those terms. Recently, Checkr raised $100,000 million Series C at a substantially higher valuation. To date, Checkr has a 34X cash on cash unrealized return.
Funds marked as an Opportunity Fund qualify for special tax advantages - if held for the long-term, capital gains taxes can be as little as $0. Learn more.
We're not allowed to offer tax advice. You'll receive a single K-1 from each Fund each year. Your accountant can offer more specific advice.
Yes, if legal in your country. You should check with your lawyer and accountant.
Yes. We can accept investments in a Fund only from those who are an accredited investor. Unfortuantely, it is still illegal for unaccredited investors to invest in venture capital funds.
Yes. You can check out our FAQ for more information on risks, returns, different securities, and how startup financing works.
Disclosures. Past performance is not indicative of future returns. Examples of previous Wefunder investments are for illustrative purposes only. Full list available upon request. There is no guarantee that any fund will achieve the same exposure to, or quality of, startups held by any existing fund. Any investment involves a high degree of risk and is suitable only for sophisticated and qualified accredited investors. We do not provide investment advice to investors and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off Wefunder. This material is provided for informational purposes only and shall not constitute an offer for any security, which will only be made pursuant to formal offering documents containing full details regarding risks, minimum investment, fees and expenses. Please contact us for more info.
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