Company Profile (AI Text)
Name: LastBasic
Canonical URL: https://wefunder.com/lastbasic
Updated at: 2026-06-02T05:01:18Z

Tagline: The platform that enables inventors to create prototypes 10x more affordable
Elevator pitch: LastBasic is a platform that connects inventors with experts from around the world for hardware prototype creation, which benefits inventors to validate their ideas, move forward faster and save money.

Key claims:
- Total raised on Wefunder: 62150 | citation: https://wefunder.com/lastbasic#claim-total-raised
- Total investors: 49 | citation: https://wefunder.com/lastbasic#claim-total-investors

Verified facts:
- Total raised on Wefunder: 62150 | observed_at: 2026-06-02T05:01:18Z | expires_at: 2026-06-03T05:01:18Z
- Total investors: 49 | observed_at: 2026-06-02T05:01:18Z | expires_at: 2026-06-03T05:01:18Z

Computed metrics:
- total_amount_raised: 62150
- total_investors: 49
- team_size: 3
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 5

Quick facts:
- User base of +4500 inventors and designers/engineers. And growing! | citation: https://wefunder.com/lastbasic#claim-fact-1
- We are up to 10x more affordable than the average engineering agency | citation: https://wefunder.com/lastbasic#claim-fact-2
- We have raised 700K USD in 2021, with key investors like GoHub (venture fund of Global Omnium) | citation: https://wefunder.com/lastbasic#claim-fact-3
- Our combined experience of 60 years as engineers & entrepreneurs let us develop the best product | citation: https://wefunder.com/lastbasic#claim-fact-4
- 40% of our inventors come back to us after their first prototype to create more on our platform | citation: https://wefunder.com/lastbasic#claim-fact-5
- Our experts find value in our platform just as much as our inventors. Our community is thriving | citation: https://wefunder.com/lastbasic#claim-fact-6

FAQ:
- Q: Is there an interest rate and how much is it? I'm not a big fan of interest rates, so I hope there isn't any here?
  A: Hi Mohammad, through our convertible note vehicle, there is no interest in the first 6 months and after that period if the round is not closed you will have a favorable interest (you will get the interests, not pay them) here is some information from Wefunder about the convertible note vehicle https://help.wefunder.com/contracts/304786-convertible-note
- Q: Good concept! What's your roadmap to be cash flow positive or what's your break even revenue level?
  A: Hi Mirko, Thank you for your interest! We have a clear roadmap to achieve cash flow positivity within the next 18 months by implementing two new revenue strategies, optimizing some structural costs, and fine tuning our acquisition funnel. I would be happy to provide more details and discuss our financial plans further in a call https://calendly.com/at-lastbasic/30min
- Q: Hey - thanks for offering us the opportunity to invest, fascinating concept, amazing unit economics...can see the opportunity from so many angles. A few questions: (1) what was your 2022 revenue and how are you trending so far in 2023 year-over-year growth? (2) how does this b...
  A: Hi Eric, really sorry for the slow reply, and thank you so much for your interest in investing. We're thrilled to hear that you see the opportunity Let me address your questions: In 2022, our revenue reached €350K. As for 2023, we are currently projecting a 50% year-over-year growth rate, which is very promising. We have a robust growth strategy for the next years, which includes expanding our customer base, entering new markets, and introducing AI product features an a Subscription service o...
- Q: Hello - first of all, congratulations! As someone who worked for one of your competitors years ago, it's nice to see that the open innovation market can still generate refreshing concepts! It's a very tough market, though. I would have many questions, but my first one (it's ac...
  A: Hi Renato, thank you for your question. I appreciate your interest, and I'm more than happy to provide further clarification. If you have any other questions, I would be glad to address them during a brief call. You can schedule a convenient time for us to chat at calendly.com/at-lastbasic/30min. Regarding the valuation of our company, there are various approaches, and in our case, we have utilized a 12x multiple on our projected ARR for the upcoming year. It's important to note that the conv...
- Q: Do you have a list of engineers who participate in your platform? An anonymized list would be fine if you include educational background and experience for each. I'd be interested in the same information about the founders. Thanks.
  A: Hi Russ, I'm afraid I can't share that information here, But I will happily jump into a meeting to see those details, here is my calendly link; calendly.com/at-lastbasic/30min

Recent posts:
- 🚀 Big News, Everyone! 🌟 (2023-09-27T15:57:03Z) https://wefunder.com/feed/167423
- The New Platform Has Landed! 👩‍🚀 (2023-09-07T13:48:24Z) https://wefunder.com/feed/166836
- Our campaign is now public! (2023-02-17T11:36:17Z) https://wefunder.com/feed/161386
- Product: LastBasic Validator (2023-02-10T12:12:52Z) https://wefunder.com/feed/161202
- Achievement: 5,000 inventors! (2023-02-06T17:25:41Z) https://wefunder.com/feed/161087