Care2

Care2

Closed: Dec. 2017

About this raise

Care2, with a valuation of $34.2 million, is raising funds on StartEngine. It is a social network of citizen activists, nonprofits, and mission-based brands. Care2 combines cutting-edge technology with the community to help power the new world of philanthropy. The company has been involved in significant changes and has over 600 million petition signatures to date. Randy Paynter founded Care2 in September 1998. The current crowdfunding campaign has a minimum target of $9,999.45 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, salaries, and general and administrative expenses.

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Investment Overview

Invested this round: $243,755

Deal Terms

Platform
StartEngine
Start Date
09/26/2017
Close Date
12/12/2017
Min. Goal
$9,999
Max Goal
$1,069,999
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.35

Pre-Money Valuation

$34,235,901

Company & Team

Company

Year Founded
1998
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Location
Redwood City, California
Company Website
Visit Website

Team

Funding data not publicly available

Financials

 Revenue
$0
as of FY2016
 Monthly Burn
$131,402
as of FY2016
 Runway
7.2 months
as of FY2016

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$14,498,739

$16,274,549

COGS

$15,897,524

$15,495,861

Tax

$20,058

$8,715

 

 

Net Income

$-1,576,822

$639,661

Summary Balance Sheet

FY 2016 FY 2015

Cash

$940,545

$2,517,569

Accounts Receivable

$600,248

$928,815

Total Assets

$4,116,141

$5,941,912

Short-Term Debt

$4,443,790

$3,852,119

Long-Term Debt

$574,873

$1,362,737

Total Liabilities

$5,018,663

$5,214,856

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2017 StartEngine $34,235,901 $243,755 Equity - Common Funded RegCF
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Add to portfolio
Care2 on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $34,235,901
Price per Share: $1.35

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Warning: according to the close date for this deal, Care2 may no longer be accepting investments.

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