Throne, a platform enabling fans to gift wishlist items to creators, is introducing a new gifting portal named Happy Wishlist for family and friends. What’s intriguing is that last year, the company decided to return the funds raised from investors and pursue a bootstrapped approach.
Founding Throne
The venture was established in 2021 by Patrice Becker and Leonhard Soenke, who previously launched the calendar management app Meeter, later acquired by workflow automation startup Bardeen.
In February, Throne secured $830,000 through a SAFE note from investors like Ryan Hoover’s Weekend Fund and Cory Levy from Z Fellows, with a valuation cap of $30 million.
A SAFE note is a method for raising funds immediately and determining the company’s valuation at a later stage, usually during the following investment round. This founder-friendly fundraising approach is favored by early-stage startups seeking pre-seed or seed funding without immediate dilution.
Image Credits: Throne
