Everest, an iPhone app for goal achievement, has filed a Form D for a $5 million fundraise*.
So far, the startup has collected around $200,000 of that amount. Previously, the company raised $1.7 million in April and a $300,000 seed round in 2012.
Previous investors include Peter Thiel, Behance founder Scott Belsky, Streamlined Ventures, and others. Two unnamed investors have so far committed to the current round.
What the app actually does strikes us cynical souls as a bit hippie-dippy:
Everest is a place to capture all your dreams and goals while focusing on one: your Everest. Build your Dream Team to stay motivated, easily track your progress, get suggestions when you’re stuck, and be a part of a community that helps you be your best self.
The company states that popular goals named in the app include losing weight, paying off debts, learning languages and instruments, and writing a book.*
*As an author of multiple books, I can attest that an app will probably not help you with that. Yes, I’m a jerk.
Here’s what she looks like:
The company is based in the Presidio are of San Francisco, way up there where the fog is thick and the rent is cheap(ish) and the people are scarce — just the way we like ’em.
We’ll hear more from Everest soon, we have little doubt.
*Update from the founder:
The Form D does indeed make room for a $5M fundraise, but that includes the $2M in convertible notes that the company has already raised. Our target for this raise is $2M, but we made room for up to $3M, should the round oversubscribe. If we hit our target, which we expect to hit by mid December, then that would bring the total raised to $4M. …
Furthermore, while the company has done an initial closing on $200,000 of new capital, we have received wires and signatures for greater than that amount, on which we will do a second closing, for a target of at least $1M, on December 6th.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more