Callahan: Community Funded raised $475K seed followed by $1.81M round
McCabe Callahan · EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan · Apr 1, 2017 · at 11:05
McCabe Callahan, founder and CEO of Community Funded, discusses the fundraising history and early capital structure of the crowdfunding SaaS platform.
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“So the first round was for four and 75,000 dollars to build the product and get our first customers effectively did that. And when we had customers signing up in the university space, higher education we decided to raise another round early scale. We knew our product applies to 10 different markets. So basically opened a 1.6 million dollar round and ended up closing at 1.81 in August.”
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