Blaamazon

Blaamazon

Closed: Apr. 2023

About this raise

Blaamazon, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a marketplace that brings visibility to black-owned brands and businesses. The aim of Blaamazon is to advance African Americans towards economic stability and connect buyers and sellers within the black community. Blaamazon has won AT&T Future Maker Award and has over 6,000 users on beta. Naikie Reeves founded Blaamazon in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, community outreach, app maintenance, and adding new app features.

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Investment Overview

Invested this round: $63,801

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
06/21/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Duluth, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Naikie Reeves
Title
CEO

Financials

 Revenue
$71,809
 Monthly Burn
$2,274
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$71,809

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-27,290

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-24,702

$0

Accounts Receivable

$0

$0

Total Assets

$-13,461

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $10,000,000 $63,801 SAFE Funded RegCF
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Add to portfolio
Blaamazon on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Follow Blaamazon on Wefunder 2022

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

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