CiSApp

Early Stage

Blockchain-based social media platform with over 22,200 user signups in its beta testing

Analytics

Raised to Date: Raised: $149,857

Aggregate Commitments $

Platform

Microventures

Start Date

02/24/2021

Close Date

10/04/2021

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$1,500,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

10/31/2021

Days Remaining
Funded
% of Min. Goal

599%

% of Max. Goal

60%

Likelihood of Max
Funded
Avg. Daily Raise

$675

Momentum
Funded
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Location

Houston, Texas

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

CiSApp, with a valuation cap of $1.5 million, is raising crowdfunding on MicroVentures. The company is creating a decentralized social network blockchain to connect users across different account spaces. The network aims to solve problems related to anonymity, data privacy, and transparency. Palem Imran and Bhargav Varma founded CiSApp in 2019 and raised $15,000 in seed funding in 2020. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $107,000, and the funds will be used for general marketing, research and development, development contracting, future wages, and working capital. CiSApp has more than 22,285 users signed up during its beta testing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,415

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,693

$0

Accounts Receivable

$0

$0

Total Assets

$7,670

$0

Short-Term Debt

$0

$0

Long-Term Debt

$15,000

$0

Total Liabilities

$15,000

$0

Financials as of: 02/24/2021
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CiSApp on MicroVentures
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $1,500,000

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