Beeotto

Beeotto

Closed: Dec. 2022

About this raise

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.

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Investment Overview

Not Funded: $29,751

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/10/2022
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    Open SEC Filing

Price Per Share

$1.00

Early Bird Valuation

$6,000,000

Pre-Money Valuation

$8,000,000

Company & Team

Company

Year Founded
2019
Industry
Marketing & Advertising
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
North Haven, Connecticut
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Robert Errato
Title
Managing Member
Founder Name
Steve Errato
Title
Vice President Creative Director
Founder Name
Robert Castanzo
Title
COO General Operations & Sales

Financials

 Revenue
$0
 Monthly Burn
$3,021
 Runway
20.4 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$244,075
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2022 Wefunder $8,000,000 $29,751 Equity - Common Not Funded RegCF
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Add to portfolio
Beeotto on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Common
Valuation: $8,000,000
Price per Share: $1.00

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Follow Beeotto on Wefunder 2022

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

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