Boonoob

Boonoob

Closed: Apr. 2021

About this raise

Boonoob, with a valuation cap of $10 million, is raising crowdfunding on Wefunder. It is a social network for daily life activities and connects people to help each other and spread happiness. The core values of Boonoob revolve around a good planet, good people, good products, good places, good privacy, and good prices. Hesam Jafari founded Boonoob in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000, and the proceeds will be used for marketing and sales, business development, infrastructure and cybersecurity, and salaries. Boonoob has connected thousands of people and listed hundreds of events. The company will donate 10% of its earnings to non-profits and charities to empower humanity.

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Investment Overview

Invested this round: $50,758

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/20/2020
Close Date
04/15/2021
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

30%

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Founder Name
Hesam Jafari
Title
CEO
Founder Name
Yves Songolo
Title
CTO

Financials

 Revenue +742% YoY
$92,584
 Monthly Burn
Profitable
 Cash on Hand
$42,614
 Gross Margin
42%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$92,584

$11,000

COGS

$53,699

$7,840

Tax

$4,205

$0

 

 

Net Income

$14,312

$-5,000

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$42,614

$0

Accounts Receivable

$60,892

$0

Total Assets

$103,506

$0

Short-Term Debt

$84,195

$0

Long-Term Debt

$0

$0

Total Liabilities

$84,195

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/15/2021 Wefunder $10,000,000 $50,758 SAFE Funded RegCF
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Add to portfolio
Boonoob on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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