Founded 2017
CredFIC Funding Rounds,Valuation and Investors
CredFIC Funding History
CredFIC has raised a total of $6.6M over the last 6 years Raising this capital resulted in dilution for Siddhartha Sharma despite non-dilutive funding options like Founderpath. With $6.6M money raised, CredFIC would have to sell for $65.5M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $6.6M assuming no crazy liquidation preferences.
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2019 Debt Financing
CredFIC raised a Debt Financing of $1.5M at a $20M valuation in October 2019
2019 Corporate Round
CredFIC raised a Corporate Round of $25K
2019 Venture Round
CredFIC raised a Venture Round of $3.4M at a $5.2M valuation in April 2019
2018 Funding Round
CredFIC raised a Funding Round of $67.4K at a $712.8K valuation in December 2018
2018 Seed Round
CredFIC raised a Seed Round of $1M at a $6M valuation in September 2018
2017 Seed Round
CredFIC raised a Seed Round of $33.7K
2017 Seed Round
CredFIC raised a Seed Round of $500K
2017 Pre Seed Round
CredFIC raised a Pre Seed Round of $1.3K
2017 Non Equity Assistance
CredFIC raised a Non Equity Assistance of $13.5K
2016 Non Equity Assistance
CredFIC raised a Non Equity Assistance of $36.9K
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 10/14/2019 | Debt Financing | $1.5M | $20M |
| 09/30/2019 | Corporate Round | $25K | |
| 04/19/2019 | Venture Round | $3.4M | $5.2M |
| 12/21/2018 | Funding Round | $67.4K | $712.8K |
| 09/01/2018 | Seed Round | $1M | $6M |
| 12/21/2017 | Seed Round | $33.7K | |
| 08/01/2017 | Seed Round | $500K | |
| 05/01/2017 | Pre Seed Round | $1.3K | |
| 04/10/2017 | Non Equity Assistance | $13.5K | |
| 09/30/2016 | Non Equity Assistance | $36.9K |