Bloom Stack
Early Stage
Replace multiple SaaS software with Bloomstack™ starting at $500/mo
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/16/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$125,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$8,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/01/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Bloom Stack, with a valuation of $8.5 million, is raising funds on Wefunder. The company has developed a seamless operational integration for companies in the business of legal cannabis, hemp, and CBD. The system takes all the platforms and systems these operators are using and migrates the complete data into a single and integrated platform. Bloom Stack reported a five times revenue growth from 2019 to 2020 and currently has over $590,000 in ARR. Eric Delisle and Matthew Michaels founded Bloom Stack in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $125,000. The campaign proceeds will be used for operations, marketing, administrative and legal expenses, and adding additional security and usability features.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$379,732 |
$54,989 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-561,479 |
$-486,960 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,232 |
$11,504 |
|
Accounts Receivable |
$91,558 |
$600 |
|
Total Assets |
$140,069 |
$12,104 |
|
Short-Term Debt |
$384,445 |
$100,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$384,445 |
$100,000 |
Financials as of: 02/16/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Bloom Stack | 04/30/2022 | Wefunder | $8,500,000 | $0 | Convertible Note | Not Funded | RegCF |
| Bloom Stack | 09/22/2021 | Wefunder | $9,500,000 | $409,597 | Convertible Note | Funded | RegCF |
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