Brandcil
Early Stage
Making Social Media Management Easy to Use at Fair Prices
Overview
Raised: $31,690
Total Commitments ($USD)
Platform
Netcapital
Start Date
10/16/2023
Close Date
02/29/2024
Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$21,013,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$235
Momentum
Funded
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Year Founded
2020
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Brandcil, with a valuation of $21.01 million, is raising funds on NetCapital. The company has developed a platform to make social media management easy. Brandcil is a feature-packed brand management platform that saves time and cost and provides high-quality user experience. The platform makes it easy for small businesses, individuals, and corporations to use the power of social media to reach new customers and opportunities and has strong relationships with Amazon, Google, and NVIDIA. Elton Broudy founded Brandcil in May 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for staffing, additional infrastructure, customer service, management, software development, and operating costs.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-152,444 |
$-172,182 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$448 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,179 |
$4,687 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$65,000 |
$0 |
|
Total Liabilities |
$65,000 |
$0 |
Financials as of: 10/16/2023
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