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Ember Fund isn't accepting new investments

Ember Fund’s deadline was March 31, 2020

Follow the company to stay updated on their progress, including future investment opportunities


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1st campaign Funded
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Ember Fund

Invest like a cryptocurrency hedge fund with only $100
Fintech B2C Wealth Management Apps
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$5,429,698
Total raised in 2 campaigns
7,129
Investors in 2 campaigns
Successfully funded and closed on March 31, 2020.
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Closed on March 31, 2020. Information may not be up-to-date. Campaign closed on March 31, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Ember Fund Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Ember Fund Crowd SAFE Ember Fund Form C-A 01.21.2020.pdf
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Hear from some of the 1,859 investors in Ember Fund


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Highlights


  • 1st app that allows anyone to invest in a managed cryptocurrency portfolio
  • Partnership with #1 Crypto influencer on Quora (35M+ answer views)
  • Partnership with top Crypto influencer on YouTube (320,000+ subscribers)
  • $10M+ in transaction volume within 9 months of launch
  • Generating on average $150 of revenue per user per year with $50 CPA
  • Client-side encryption that allows Ember Fund to be non-custodial
  • Launching multiple innovative DeFi products Q4 2019

Problem


Investing in crypto is complicated

Cryptocurrency is unapproachable. It’s difficult for most people to understand Bitcoin, let alone follow the 2000+ cryptocurrencies on the market, and well over 90% are not legitimate. Most everyday investors want exposure but don’t know where to begin.

Sophisticated hedge funds and institutions continue to out-maneuver regular investors and capitalize on information advantages they have. Access to these funds is legally restricted to millionaires and billionaires and everyday investors are ignored, left out.

The original vision of cryptocurrency was to custody your own assets. Contrary to that vision, most solutions today are centralized, creating pools of crypto that are constantly targeted by hackers. Taking custody of your own crypto means more transparency, security, and unlimited control. 

Solution


Ember Fund: the secure and easy way to invest

Ember Fund is the first, global mobile app that allows users to easily invest in pre-vetted cryptocurrency portfolios in just a few taps, without holding user assets. Follow the trades of experts in just one tap.

Ember Fund is non-custodial, meaning users hold onto their own assets, eliminating all the issues that come with trusting a third party (security, control, hidden fees, frozen accounts). We do not store any usernames, passwords or private keys, and everything is encrypted.

How it works

Product


Designed with a focus on security, usability, and privacy

Edge SDK

Ember uses cutting edge wallet technology powered by Airbitz/Edge. Edge, founded in 2014, is the most established non-custodial wallet system in the industry with an impeccable track record of security.

One-tap investing

Simply choose a fund and a method to make your deposit in just a few taps. Ember supports connecting with your bank account, credit cards, Coinbase or depositing from an external wallet.

Custody your assets

Retain full control of your own assets at all times without trusting a third party. No frozen accounts, no central trove of pooled assets, and full transparency.

On-chain transactions

Every transaction is done on-chain, meaning you can audit every single trade on the respective open, public, incorruptible blockchains. 

Low minimums

Invest for as little as a few hundred dollars, add additional funds at any time, and liquidate your portfolio at any time with just one tap.

Order routing

We scour 8+ exchanges to find you the best rate on every trade (buy, sell and rebalance). Our smart order router saves an average of 1-2% per trade.

Coin support


Traction


$10M in transactions and growing

Since launch at the end of 2018, Ember Fund has received massive traction and has processed over $10 million in transactions.

Media

Customers


Users love Ember Fund

We're fanatical about customer support and our reviews reflect that.

Business model


1.5% on all transactions

We source liquidity from over 8 exchanges and search for the best exchange rates on every transaction (buy, sell, rebalance). Because we are exchange-agnostic, we’re able to simply search and execute at the best price. We’ve seen that on average we are able to procure a rate that is 1-2% better than the average market rate effectively making most trades free. 

Our margins are over 95%. Most of our direct costs associated with our revenue are simply hosting costs which are minimal. 

Market


Tapping into a rapidly growing $10B+ addressable market 

The crypto market is surging, with over $6B daily transactions processed in 2019 alone. We expect this to increase 10x to reach $60B+ in transactions by 2024 which translates into ~$50-$100 billion in fees collected per year. 

The number of people with a Bitcoin wallet is rapidly growing.


Competition


Competitive advantages

Vision and strategy


Build product, quickly scale

We've been able to rapidly build and launch Ember Fund - our app was built and launched in 7 months with 3 full-time engineers. We've now been live for 12 months, have generated substantial traction (revenue, happy customers) and are now preparing to scale. 

Product

  • Continuing to build out the product based on user feedback (auto-rebalancing, better trade execution, stop losses, new coin support, internationalization)

  • Launch other innovative products (hedging mechanism, negatively correlated assets, etc)

  • Support new funds: Technical Analysis Fund, Algorithmic/Quant Fund, Lending product, and others

Scale

  • Promote and continue building out our referral program

  • Continue to partner and sponsor cryptocurrency influencers with reach and voice that aligns with our brand

  • Scale-up existing paid marketing channels and add more marketing channels (Google, Facebook, Twitter, and Youtube)

Long Term Vision

  • Build the world's first decentralized bank, with an entire suite of products to manage your crypto assets

  • A B2B version of the app that would allow fund managers a private label version of the app

  • Continue to add financial products like derivatives, loan products and other tokenized assets

REVENUE

Funding


Bootstrapped with zero debt

Ember Fund has to this point been completely self-funded with no outside capital. With a limited budget, we built the product, secured partnerships and executed over $10 million in transactions through our platform in 9 short months. With additional funding we will be able to scale the business to a $1+ million run rate.

Founders


Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

15%

If a trigger event for Ember Fund occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Ember Fund is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Ember Fund needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Ember Fund Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Ember Fund Crowd SAFE Ember Fund Form C-A 01.21.2020.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Ember Fund.
135 investors
Invest
$500
Receive
  • Up to $25 in trading fees waived on your first deposit in Ember Fund (Offer expires 12/20/19)
  • Name on our website as an early investor (optional)
  • Limited (65 left of 200)
50 investors
Invest
$1,000
Receive
  • Name on our website as an early investor (optional)
  • $100 in Bitcoin sent to you at end of campaign (Offer expires 11/22/19)
  • Sold out (0 left of 50)
78 investors
Invest
$1,000
Receive
  • $25 in Bitcoin sent to you at the end of campaign in app (Offer expires 12/20/19)
  • Name on our website as an early investor (optional)
  • Limited (22 left of 100)
7 investors
Invest
$5,000
Receive
  • 1:1 Call with the founding team to answer any questions about metrics, roadmap, etc
  • Name on our website as an early investor (optional)
  • $500 in Bitcoin sent to you at end of campaign (Offer expires 11/22/19)
  • Limited (3 left of 10)
6 investors
Invest
$10,000
Receive
  • 1:1 Call with the founding team to answer any questions about metrics, roadmap, etc
  • Name on our website as an early investor (optional)
  • Ongoing direct email & phone communications with CEO
  • $1000 in Bitcoin sent to you at end of campaign (Offer expires 11/22/19)
  • Limited (4 left of 10)
2 investors
Invest
$20,000
Receive
  • 1:1 Call with the founding team to answer any questions about metrics, roadmap, etc
  • Name on our website as an early investor (optional)
  • Ongoing direct email & phone communications with CEO
  • Trading fees refunded (up to $1000)
  • $2000 in Bitcoin sent to you at end of campaign (Offer expires 11/22/19)
  • Limited (3 left of 5)

About Ember Fund

Legal Name
Ember Fund Inc.
Founded
Jun 2019
Form
Delaware Corporation
Employees
10
Website
emberfund.io
Social Media
Headquarters
Google Map location of of Ember Fund
12130 Millennium Drive 02-174 , Los Angeles, CA
Headquarters
12130 Millennium Drive, 02-174, Los Angeles, CA, United States 90094

Ember Fund Team
Everyone helping build Ember Fund, not limited to employees

Profile picture of Alex Wang
Alex Wang
CEO
Profile picture of Guillaume Torche
Guillaume Torche
CTO
Profile picture of Mario Lazaro
Mario Lazaro
CIO
Profile picture of Anthony Bruscantini
Anthony Bruscantini
Senior Developer
Previously at venture-backed Ad Tech company. Experience at BlackBerry.
Profile picture of Harrison Wang
Harrison Wang
Growth
Previously ran growth at Blockfolio and led User Growth & Analytics at TikTok. First invested in cryptocurrencies in 2011. BA from Johns Hopkins & MBA from USC.
Profile picture of Rena  Shah
Rena Shah
Operations / Brand
Ex-management consultant at Kinship Advisors & private equity at McNair Interests ($2B AUM). Runs a successful mining pool.
Profile picture of Deergha Sahni
Deergha Sahni
Technology Advisor
Director of Engineering at Clutter. Previously lead technology teams at Google, Microsoft and Quantcast. M.S. from Columbia.
Profile picture of Tony Tian
Tony Tian
Business Development
Scaled a Cryptocurrency Youtube channel to 30k+ subscribers. Currently managing a multi-million dollar crypto fund.
Profile picture of Marius Kramer
Marius Kramer
Fund Manager
#1 Writer on Quora for all things crypto and Bitcoin generating millions of views on his content monthly.
Profile picture of Walid Shaita
Walid Shaita
Engineering
Previously at venture-backed ad-tech company. Full stack engineer with experience in front/backend and development ops. Multiple apps launched in the App store.
Profile picture of Nicholas Merten
Nicholas Merten
Marketing Partner
Nicholas Merten AKA DataDash runs the #1 most subscribed Youtube channel on Bitcoin and cryptocurrencies with over 320,000 followers.
Profile picture of Jason Wen
Jason Wen
Algo Trader
Jason is a 3x founder of various technology projects and has been running & building various algorithmic Bitcoin trading strategies since 2017
9 more team members
Alex Wang
CEO
Guillaume Torche
CTO
Mario Lazaro
CIO
Anthony Bruscantini
Senior Developer
Harrison Wang
Growth
Rena Shah
Operations / Brand
Deergha Sahni
Technology Advisor
Tony Tian
Business Development
Marius Kramer
Fund Manager
Walid Shaita
Engineering
Nicholas Merten
Marketing Partner
Jason Wen
Algo Trader

Press

Crypto Portfolio App Ember Seeks $1 Million in SEC-Regist...
Yahoo Yahoo
·
Nov 1, 2019

Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securiti...

Crypto Portfolio App Ember Seeks $1 Million in SEC-Regist...
CoinDesk CoinDesk
·
Nov 1, 2019

Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securiti...

Meet the TC Top Picks for Disrupt SF 2019
TechCrunch TechCrunch
·
Oct 14, 2019

Honestly, the creativity and quality of early-stage startups and their founders never ceases to amaze us. When we issued ...

Bitcoin trades above $11,000, after 10% weekend jump
U.S. U.S.
·
Jun 24, 2019

LONDON/NEW YORK (Reuters) - Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with an...

Emberfund Turns Your Phone Into a Crypto Hedge Fund - Coi...
CoinDesk CoinDesk
·
May 14, 2019

When we think about investing in crypto we imagine a single, monolithic transaction and then years of HODLing. The folks ...

Alex Wang CoFounder of Ember Fund
Vimeo Vimeo
·
Jan 8, 2019

This is "Alex Wang CoFounder of Ember Fund" by Business Rockstars on Vimeo, the home for high quality videos and the peop...

Episode 188 - Featured Project - Emberfund.io wit Alex Wa...
CryptoBasic Podcast CryptoBasic Podcast
·
Jan 4, 2019

On today's featured project episode we are talking with Alex Wang, the Co-Foudner of Emberfund.io. He has helped create a...

TC Top Picks: Ember Fund
TechCrunch TechCrunch

Ember Fund is a mobile app that lets anyone invest in cryptocurrencies from anywhere in the world. The TC Top Picks progr...

TechCrunch on LinkedIn: "Ember Fund is a mobile app that ...
Linkedin Linkedin

October 16, 2019: TechCrunch posted on LinkedIn

The Bitcoin Bull Run | Why central banks are fueling the ...
YouTube YouTube

bitcoin #crypto #cryptocurrencies Checkout Emberfund: https://emberfund.app.link/datadashemberinterview Email: support@em...

Crypto Conservative: Old-time Investing in a Brave New World
Hackernoon Hackernoon

Crypto is the Wild West of investing. Where Silicon valley meets Walls Street, mafia kingpins and Snap-obsessed Generatio...

Episode 203 - CryptoConvos: Marius Kramer of Emberfund.io...
CryptoBasic Podcast CryptoBasic Podcast

We're starting the week off with another exciting interview, as we've got Marius Kramer, number #1 writer on Quora for cr...

0 to $1 Million in 5 Months for Our Cryptocurrency Startup
Hackernoon Hackernoon

"What if we have too many users?" A question we naively asked before we launched our product. I think there is always som...

Show all
Logo of Ember Fund

Ember Fund

Ember Fund successfully raised $590,946 from 1859 investors on March 31, 2020
Profile picture of Fabian Ramirez
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Fabian, Gary, Will, Steven, Andre, and 1854 others invested. 373 Reviews
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