abillion

abillion

Growth Stage

Social commerce platform that helps people shop sustainably

Social commerce platform that helps people shop sustainably

Overview

Raised to Date: Raised: $398,911

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/12/2023

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$65,000,000

Valuation Cap

$72,500,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,249

# of Investors

289

Momentum
Funded
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Year Founded

2017

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

abillion, with a valuation of $72.5 million, is raising funds on Wefunder. The company has developed a social commerce platform that helps people shop sustainably. The social marketplace is focused on building a cleaner and fairer planet by inspiring the power of community, content, and commerce and enabling users to shop and discover eco-friendly businesses. abillion has over 4,700 customers and more than 2.5 million consumer reviews of vegan products. Vikas Garg founded abillion in October 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for business development and growth, product development, brand marketing, and expanding monetization.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$11,881

$1,449

COGS

$5,597

$0

Tax

$0

$0

 

 

Net Income

$-4,025,487

$-2,363,937

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,207,647

$1,958,794

Accounts Receivable

$0

$0

Total Assets

$4,332,358

$2,065,435

Short-Term Debt

$246,924

$319

Long-Term Debt

$0

$5,371,983

Total Liabilities

$246,924

$5,372,302

Financials as of: 02/12/2023
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abillion on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $72,500,000

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