One of the upstarts in the crowdinvesting space, Wefunder has reportedly raised a $500K round this week. Similar to the AngelLists of the world, Wefunder is a crowdinvesting platform that allows almost anyone to invest in promising companies. What type of companies you ask? Well, you have your run of the mill tech/hardware startups and then there’s the Flying Cars company. Seriously, one of the most successfully funded projects to date for them is Terrafugia, a flying car startup with $30M in preorders to boot.
Funding to Date: ~$1.1M ($530K Seed, $500K A?)
Deal Notables: Not so much deal related, but C:V. has a storied history with Wefunder. Some of our early inspiration for creating C:V. stemmed from an email chain between colleagues where we would evaluate and value selected Wefunder startups. We would pick a company and do a rundown on their market size, management team, and product offering to determine whether or not we saw the opportunity as viable for investment. VC nerds gonna VC nerd…