We are excited to announce our financial results for Q3 and October. Total sales for Q3 were $241,716.69 USD equivalent, and October sales were $138,240.82. While a total loss of $80,643.92 was booked for Q3 due to finance charges and chargeback timing, October swung profitable with a $37,576.20 profit for the month. This represents strong seasonal growth which we believe will continue for the remainder of Q4. Growth in sales was driven by intrinsic growth as well as the launch of new SKUS such as Jequitiba Rosa and Still Strength, seen below.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 263 startups
Wefunder Advisors LLC
for 100 startups
for 2 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 610,472 investors who funded 349 startups with over $123.5 million1
wefunder.com/updates/91197-q3-and-october-financial-update is managed by
Wefunder Portal LLC.
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
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