What does "pre-money"and "post-money" valuation mean?

The company’s “pre-money” valuation is the value of the company before the new funds from the crowd-sourced funding campaign have been raised and funded. You will find information about the company’s pre-money valuation and raise targets in the company’s offer document.

If the minimum target is successfully reached, the company will become worth the pre-money valuation plus the total amount raised. This is called “post-money” valuation.

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