Beanstox

Beanstox

Early Stage

Seriously Simple Investing

Seriously Simple Investing

Overview

Raised this Round: Raised: $1,070,000

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/12/2020

Close Date

10/09/2020

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$150

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$15,000,000

Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Boston, Massachusetts

Business Type

Growth

Beanstox, with a pre-money valuation of $15 million, is raising funds on StartEngine. It is an app that makes saving and investing simpler for millions of Americans and helps them build their wealth. The app works on a monthly subscription fee and offers personalized portfolios and automatic recurring investments. Beanstox was founded by Shark Tank investor, Kevin O’Leary, and Connor O’Brien in 2018. The current crowdfunding campaign of the company has a minimum goal of $9,999.75 and a maximum goal of $1,069,999.50. The funds will be used for growth and expansion. Beanstox is led by an experienced team and has already generated over 3,000 downloads since the soft launch of its beta version.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$32,243

$25,988

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-23

$-5,022

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,079

$5,135

Accounts Receivable

$2,275

$10,813

Total Assets

$16,454

$16,048

Short-Term Debt

$21,399

$20,970

Long-Term Debt

$0

$0

Total Liabilities

$21,399

$20,970

Financials as of: 07/12/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Beanstox 04/26/2022 StartEngine $26,975,103 $2,993,303 Equity - Common Funded RegCF
Beanstox 10/08/2020 StartEngine $15,000,000 $1,070,000 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Beanstox on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,000
Price per Share: $0.75

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