BlackCommerce
Early Stage
Crowdsourcing Marketplace Platform
Overview
Raised: $5,200
Total Commitments ($USD)
Platform
Buy The Block
Start Date
07/08/2020
Close Date
07/13/2020
Min. Goal
$1,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Valuation Cap
$14,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/01/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,300
# of Investors
34
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
Location
Detroit, Michigan
BlackCommerce, with a $14 million valuation cap, is raising funds on Buy The Block. It is a social marketplace platform that allows black-owned businesses to connect with black freelancers and workers all across the world. The black employers and owners get to source their products and services from black businesses and support one another. BlackCommerce was founded by Edward Merriman in 2016. The current crowdfunding campaign of the company has a minimum raise of $1,000 and a maximum raise of $107,000. BlackCommerce aims to become a market leader among the Crowdsourcing Service Providers for the Black community and builds on its competitive advantages.
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