Beeotto
Early Stage
1st subscription-based digital ad agency exclusively for Main Street Merchants.
Overview
Raised: $29,751
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/09/2022
Close Date
12/31/2022
Min. Goal
$570,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Early Bird Valuation
$6,000,000
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/31/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$127
# of Investors
9
Momentum
Not Funded
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Year Founded
2019
Industry
Marketing & Advertising
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Beeotto, with a valuation of $8 million, is raising funds on Wefunder. The company has built a subscription-based digital ad agency for Main Street merchants. The platform is exclusively designed for digital advertising and cross-marketing for small businesses. The aim of Beeotto is to give an equal footing to small businesses to compete with corporate giants. Beeotto works on a recurring revenue model and has generated cash flow from day one. Robert Errato founded Beeotto in March 2019. The current crowdfunding campaign has a minimum target of $570,000 and a maximum target of $1,070,000. The campaign proceeds will be used for website, equipment, staff training, premarket advertising, furniture, sales rep training, marketing, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-36,257 |
$-42,946 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$61,549 |
$85,763 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$175,039 |
$197,853 |
|
Short-Term Debt |
$15,500 |
$6,500 |
|
Long-Term Debt |
$150,000 |
$150,000 |
|
Total Liabilities |
$165,500 |
$156,500 |
Financials as of: 05/09/2022
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