We’ve now concluded the tenth month since the WeFunder second round financing was successfully completed. As in previous months, I wanted to provide you with an update on the many things happening with our OodlesDeals mobile app, and overall at the company.
20,000 Users Now On App
The number of users on OodlesDeals across the five Universities where the app is present — U of O - Eugene, CSU - Chico, UC - Davis, CSU - Sacramento, and Northwestern University passed 20,000. Below is an updated version of a chart we have shared in previous WeFunder updates, showcasing key milestones achieved by the company since inception in February ’17, including the growth in number of users on the app over time. These milestones have been achieved with minimal marketing spend.
With the school year at all five Universities now at an end, the OodlesDeals management team — Business Development, Product Development and Marketing — are busy making Summer plans, as we look to further accelerate the growth of OodlesDeals in new schools, new geographies, and new forms of Consumer Engagement and monetization. I will provide greater details of these plans in new month’s WeFunder update.
Customer Revenue Generated Via App Achieves All-Time High In May ’19
I have shared the below chart with you many times over the past WeFunder updates, as it is the simplest way to show growth in user transactions and revenue generated for our vendor-partner customers, in the geographies where OodlesDeals is present. This chart now includes May ’19, and as you can see, transactions generating revenue for our vendor-partners achieved an all-time high. We look forward to accelerating this growth even further in the upcoming school year.
This next statement is similar to one I’ve made in the past — Asheesh and I owe a big thanks to all of you who have helped us get to this point.
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 231 startups
Wefunder Advisors LLC
for 98 startups
for 1 startup
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).
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