Assetcoin Capital Fund
Venture Capitalist Focused on Equity and Generational Wealth
Overview
Platform
Andes Capital
Start Date
01/30/2023
Close Date
01/31/2024
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$50,000,000
Year Founded
2021
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Assetcoin is raising funds on Andes Capital. The venture capital fund invests capital in urban communities across America. The fund concentrates on real estate development, mortgage lending, construction projects, and qualified early-stage companies. The proprietary product of Assetcoin, Alternative for Collateralised Loan Obligations (ACLO), is designed to create opportunities for homeownership and asset acquisition. Burena Morris, Duane Quamina, and Allen Redic founded Assetcoin in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for salaries, marketing, positioning, state licensing fees, and franchising fees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$-1,250 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$1,500 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$1,500 |
|
Short-Term Debt |
$0 |
$2,750 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$2,750 |
Financials as of: 01/30/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Assetcoin Capital Fund | 01/31/2024 | Andes Capital | $50,000,000 | $0 | Equity - Common | Active | RegCF |
| Assetcoin | 12/09/2022 | PicMii | $5,000,000 | $0 | SAFE | Not Funded | RegCF |
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