The 2022 End of Year Update
[For the original story, click here]
Thanks for continuing to follow the ARKHAUS story. As we approach the new year, I’d like to share an overview of the 2022 investment raise and how we plan to proceed for investment in 2023.
Only ~$15k Remains at the Early Bird Valuation
Our current raise on WeFunder has an Early Bird valuation of $15mm for the first $250k of investment. There is only $10k left at that valuation. Once the Early Bird closes, future investment in the Reg CF round comes in at a $20mm valuation.
What Did We Raise in 2022?
ARKHAUS raised just over $1mm in total capital in 2022:
- $235k — Angel Investment at $12.5mm
- $325k — Republic Crowdfunding at $12.5mm-$15mm valuation
- $240k — WeFunder Crowdfunding at $15mm-$20mm valuation
- $250k — Loan (see strategy below)
- $1.05mm — Total Capital Raised
What is the Investment Plan for 2023?
Towards the end of 2022, we raised $250k of debt so we could delay our seed investment round until 2023. The primary reason was so we would raise our seed as a post-revenue company (rather than pre-revenue) as we are beginning to convert memberships and collect annual dues.
In 2023, we’ll launch our official seed campaign of $3mm. We’re already working on identifying a lead investor who will set the terms and help identify other institutional investors in exchange for some benefits. If you know of a potential lead, please do make an intro!
Best,
Sam Payrovi
CEO & Co-Founder
