81-c

81-c

Closed: Apr. 2020

About this raise: 81-c, with a pre-money valuation of $1.25 million, is raising on StartEngine. The company is bringing entrepreneurship as an asset class and allowing people to invest in entrepreneur-led businesses. 81-c provides entrepreneurs with the opportunity to avail capital and investors with a chance to invest in small and medium-sized enterprises. 81-c was founded by Dan Abbate and Jess Merrell. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The company is scaling, and it has already selected and on-boarded its first business unit.

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Investment Overview

Invested this round: $79,181

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/07/2019
Close Date
04/29/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$499

Security Type

Equity - Tokens

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,250,000

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
West Palm Beach, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
13
Founder Name
Dan Abbate
Title
Co-CEO
Founder Name
Jessica Merrell
Title
Co-Founder, Chairwoman, and VP

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$911,328

COGS

$0

$643,598

Tax

$0

$0

 

 

Net Income

$0

$265,063

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$54,440

Accounts Receivable

$0

$165,587

Total Assets

$0

$550,027

Short-Term Debt

$0

$29,952

Long-Term Debt

$0

$87,087

Total Liabilities

$0

$117,039

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2020 StartEngine $1,250,000 $79,181 Equity - Tokens Funded RegCF
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Add to portfolio
81-c on StartEngine
Platform: StartEngine
Security Type: Equity - Tokens
Valuation: $1,250,000
Price per Share: $1.00

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Follow 81-c on StartEngine

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Warning: according to the close date for this deal, 81-c may no longer be accepting investments.

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