Withfriends on WeFunder | Deal Memo

Jun 11, 2021 1 min read
Invest in Withfriends (YC W19): Making subscriptions easy for every business | Wefunder
Making subscriptions easy for every business

Company Overview

Withfriend is a startup raising funds on Wefunder that developed a Shopify integration that automatically generates subscription tiers from a business' customer data and upsells customers into subscribers.

According to Withfriend's Wefunder campaign, the company has $27 ARR and $444k in annual GMV, generating 3000 subscribers to 21 businesses. According to the team, 6% of business' customers become subscribers, boosting revenue by 60%.

The company's target market starts with e-commerce businesses, which are growing the fastest and are the easiest to acquire. Over time, they plan to expand to brick and mortar.

Deal Terms

  • Security: SAFE
  • Valuation Cap: $14,000,000 (Early Bird Terms)
  • Min. Investment: $100

(Data as of June 2021.)

Did I Invest In Withfriends?

I didn't decide yet whether or not I will invest in Withfriends on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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