15+ Wefunder Success Stories

Learn more about the success stories of companies like Mercury, Replit, and Substack that raised on Wefunder, a leading equity crowdfunding platform.

Kieran Ryan

February 24, 2024

1. Mercury

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Wefunder Profile: https://wefunder.com/mercury

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Company Website: https://mercury.com/

Company Description: Banking for startups.

Wefunder Date: August 2022

Amount Raised: $4,914,037 from 2,453 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Preferred Stock

Valuation on Wefunder: $1.62 billion

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Accomplishments

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In July 2021, Mercury closed a $120 million Series B at a $1.62 billion valuation. The round was led by Coatue, with participation from Andreessen Horowitz, CRV, Dylan Field (Founder of Figma), Mathilde Collins (Founder of Front), and Jack Altman (Founder of Lattice).

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100K customers in 180 countries, including Linear, Lunchclub, and Sprig.

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$50 billion transactions in 2022.

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Added $2 billion+ in deposits and thousands of new accounts since Silicon Valley Bank fell on March 10, 2023.

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2. Replit

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Wefunder Profile: https://wefunder.com/replit

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Company Website: https://replit.com/

Company Description: A collaborative coding platform.

Wefunder Date: May 2022

Amount Raised: $5,240,140 from 2,589 investors

Offering Type: Reg CF (open to the general public)

Type of Security: SAFE

Valuation on Wefunder: Converted at a $1.16 billion valuation

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Accomplishments

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In April 2023, Replit closed a $97.4 million Series B extension at a $1.16 billion valuation. The round was led by Andreessen Horowitz, with participation from Khosla Ventures, Y Combinator, SV Angel, Bloomberg Beta, and Naval Ravikant (Founder of AngelList).

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Replit has 22.5 million users from 200+ countries.

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In March 2023, Replit partnered with Google to take on Microsoft’s GitHub.

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3. Substack

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Wefunder Profile: https://wefunder.com/substack

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Company Website: https://substack.com/

Company Description: The subscription network for independent creators and writers.

Wefunder Date: April 2023

Amount Raised: $7,980,618 from 6,918 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Preferred Stock

Valuation on Wefunder: $585 million

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Accomplishments

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Thirty-five million active subscriptions with 2 million paid subscriptions.

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Writers on the platform have made a total of $300+ million.

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In March 2021, Substack closed a $65 million Series B at a $650 million valuation. Andrew Chen led the round from Andreessen Horowitz.

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4. Beta Bionics

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Wefunder Profile: https://wefunder.com/betabionics

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Company Website: https://www.betabionics.org/

Company Description: Building a bionic pancreas to improve the lives of people with type 1 diabetes.

Wefunder Date: August 2016

Amount Raised: $1,000,000 from 718 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Common Stock

Valuation: $100 million

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Accomplishments

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In February 2022, the company closed a $57 million Series C round from investors Soleus Capital and Perceptive Advisors after receiving a breakthrough device designation for its iLet, which fast-tracks them to FDA approval.

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In August 2022, Beta Bionics appointed a new CEO, Sean Saint.

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5. Levels

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Wefunder Profile: https://wefunder.com/levels

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Company Website: https://www.levelshealth.com/

Company Description: Unlock your metabolic health.

Wefunder Date: February 2022

Amount Raised: $4,999,989 from 1,440 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Preferred Stock

Valuation: $300 million

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Accomplishments

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In April 2022, Levels closed a $38 million Series A from operators Andrea Funsten (Basecamp Fund), Ben Gilbert and David Rosenthal (Acquired Podcast), Lenny Rachitsky, and the Airbnb Alumni Syndicate. Andreessen Horowitz previously led the company’s $12 million Seed round in November 2022.

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As of April 2022, Levels was on track for $6 million in Annual Recurring Revenue. Click here to read their detailed investor update.

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The company has over 242,000 signups for the product.

6. Synthesis

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Wefunder Profile: https://wefunder.com/synthesis

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Company Website: https://www.synthesis.com/

Company Description: Where kids learn to solve problems together.

Wefunder Date: August 2022

Amount Raised: $2,987,382 from 1,125 investors

Offering Type: Reg CF (open to the general public)

Type of Security: SAFE

Valuation: $350 million

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Accomplishments

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In April 2022, Synthesis raised $12 million, led by Balaji Srinivasan (Former CTO at Coinbase) and Amjad Masad (Founder of Replit).

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In 2021, Synthesis posted close to ~3 million in revenue.

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7. Doorvest

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Wefunder Profile: https://wefunder.com/doorvest

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Company Website: https://doorvest.com/

Company Description: Real estate investing platform.

Wefunder Date: April 2023

Amount Raised: $5,383,219 from 574 investors

Offering Type: Reg CF (open to the general public)

Type of Security: SAFE

Valuation: $60 million

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Accomplishments

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In November 2021, Doorvest raised $14 million, led by M13. In addition, the company raised a $75 million credit facility.

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In 2021, the company posted close to $20 million in revenue, with 10.5x YOY growth.

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8. Calm Company Fund

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Wefunder Profile: https://wefunder.com/calmfund

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Company Website: https://calmfund.com/

Company Description: Investor in profitable businesses.

Wefunder Date: July 2021

Amount Raised: $1,296,658 from 746 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Class CF Interests

Valuation: $20 million

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Accomplishments

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Since 2019, the Calm Fund has invested in 69 companies across three funds. It has two exits and a TVPI of 2.5x.

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Calm Fund is raising for Calm Fund IV, a $50 million fund.

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Zapier acquired Makerpad, a Calm Fund portfolio company, in March 2021.

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LPs in Calm Fund include Sahil Lavingia (Founder of Gumroad), Natalie Nagele (Founder of Poshmark), Andrew Gazdecki (Founder of Acquire), and Andrew Connor (Founder of Levels)

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9. Roam

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Wefunder Profile: https://wefunder.com/roam

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Company Website: https://roamresearch.com/

Company Description: A note-taking tool for networked thought.

Wefunder Date: May 2021

Amount Raised: $994,295 from 756 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Preferred Stock

Valuation: $200 million

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Accomplishments

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In September 2020, Roam closed a $9 million Seed round at a $200 million valuation from Lux Capital, True Ventures, and Patrick and John Collison (Founders of Stripe).

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Nat Eliason wrote a piece on why he loves using Roam.

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10. Meow Wolf

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Wefunder Profile: https://wefunder.com/meow.wolf

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Company Website: https://meowwolf.com/

Company Description: An immersive art experiences company.

Wefunder Date: August 2017

Amount Raised: $1,322,006 from 621 investors

Offering Type: Reg CF (open to the general public)

Type of Security: Common Stock

Valuation: $62.3 million valuation

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Accomplishments

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Meow Wolf bought out its crowdfunding investors at $83.70/share, up from its initial price of $40/share.

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The company has raised $185.2 million in total funding and attracted support from investors like George R. R. Martin, the author of Game of Thrones.

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Meow Wolf opened new locations in Las Vegas and Denver and plans to add another exhibit in Grapevine Mills (Texas) by the Summer of 2023.

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11. Checkr

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Wefunder Profile: https://wefunder.com/checkr

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Company Website: https://checkr.com/

Company Description: Employee background screening for companies.

Wefunder Date: 2015

Amount Raised: $113,489 from 30 investors

Offering Type: Regulation D (Accredited Investors Only)

Type of Security: Equity

Valuation: N/A

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Accomplishments

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According to a Wefunder team member, Wefunder investors in Checkr are up 407x.

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In September 2021, Check raised a $250 million Series E round at a $4.6 billion valuation. The round was led by Durable Capital, with participation from BOND Capital, Khosla Ventures, Accel, Coatue, and Y Combinator.

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Checkr processes over 30 million background checks annually.

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12. Apollo.io

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Company Website: https://www.apollo.io/

Company Description: A sales intelligence and engagement platform.

Wefunder Date: N/A

Amount Raised: N/A

Offering Type: Wefunder invested via a Fund

Type of Security: Equity

Valuation: N/A

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Accomplishments

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According to a Wefunder team member, Wefunder’s fund investment in Apollo is up 79x.

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In March 2022, Apollo.io raised $110 million Series C at a $900 million post-money valuation led by Sequoia Capital.

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The company has 160,000+ companies using its sales intelligence tools.

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13. Mashgin

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Wefunder Profile: https://wefunder.com/mashgin2/

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Company Website: https://www.mashgin.com/

Company Description: Touchless checkout system.

Wefunder Date: N/A

Amount Raised: N/A

Offering Type: Wefunder invested via a Fund

Type of Security: Equity

Valuation: N/A

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Accomplishments

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According to a Wefunder team member, Wefunder’s fund investment in Mashgin is up 54x.

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In May 2022, Mashin raised a $62.5 million Series B at a $1.5 billion valuation. The round was led by New Enterprise Associates, with participation from Matrix Partners.
Mashgin’s technology has completed 35 million transactions and is deployed in over 800 locations.

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Mashgin’s customers include ampm, Madison Square Garden, and Los Angeles International Airport.

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14. Shipbob

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Wefunder Profile: https://wefunder.com/shipbob

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Company Website: https://www.shipbob.com/

Company Description: A global omni-fulfillment solution.

Wefunder Date: June 2016

Amount Raised: $237,301 from 54 investors

Offering Type: Regulation D (Accredited Investors Only)

Type of Security: Equity

Valuation: N/A

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Accomplishments

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According to a Wefunder team member, Wefunder investors in Shipbob are up 37x.

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More than 7,000 brands use Shipbob to ship orders.

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In June 2021, Shipbob raised a $200 million Series E at a valuation of over $1 billion. The round was led by Bain Capital Ventures, with participation from Softbank and Menlo Ventures.

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15. Rappi

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Company Website: https://about.rappi.com/

Company Description: A technology company that builds a local marketplace where local commerce can thrive.

Wefunder Date: N/A

Amount Raised: N/A

Offering Type: Wefunder invested via a Fund

Type of Security: Equity

Valuation: N/A

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Accomplishments

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According to a Wefunder team member, Wefunder’s fund investment in Rappi is up 32x.

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In July 2021, Rappi raised over $500 million at a $5.25 billion valuation. Investors in the company include Y Combinator, Sequoia Capital, and Andreessen Horowitz.

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