Coinseed
About this raise
Coinseed, an innovator in the cryptocurrency space, is raising funds on Mr. Crowd. The company is creating the technology that allows users to invest their spare change in a portfolio of cryptocurrencies and receive cryptocurrency cashback rewards on their purchases. Coinseed was founded by Delgerdalai Davaasambuu and Sukhbat Lkhagvadorj in 2017. The current round of crowdfunding of Coinseed has a minimum target of $25,000 and a maximum target of $400,000, and the funds will be used to develop more innovative features and accelerate the growth of the business. Coinseed generated revenues of over $279,000 in 2018 and the user base has increased to more than 29,000. The total user deposit on Coinseed reached $3.5 million in December 2019, with a total trade volume of more than $42 million in the second half of 2019.
Investment Overview
Invested $57,553 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $279,257
- Monthly Burn
- $4,759
-
Runway
- 24+ months
- Gross Margin
- 49%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2020 | Mr. Crowd | $6,000,000 | $57,553 | SAFE | Funded | RegCF |
09/16/2019 | SeedInvest | $6,000,000 | $0 | Convertible Note | Not Funded | RegCF / RegD 506(c) |
03/25/2019 | Microventures | $5,000,000 | $130,763 | Convertible Note | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.