Boonoob

Boonoob

Early Stage

A Social Network for happiness and helping each other during pandemic and beyond

A Social Network for happiness and helping each other during pandemic and beyond

Overview

Raised this Round: Raised: $50,758

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/19/2020

Close Date

04/15/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

30%

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

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.

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

Financials as of: 10/19/2020
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Boonoob on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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