This company is no longer in business. Investors can get details about any potential exits or failures here.

Coinseed

Coinseed

Early Stage

Invest spare change and earn rewards in crypto

Invest spare change and earn rewards in crypto

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

08/04/2019

Close Date

09/16/2019

Min. Goal
$25,000
Max. Goal
$401,000
Min. Investment

$1,000

Security Type

Convertible Note

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$6,000,000

Discount

0%

Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Location

Wilmington, Delaware

Coinseed, with a valuation cap of $6 million, is raising funds on SeedInvest. The Coinseed platform allows customers to invest their spare change directly into cryptocurrencies, without much technical involvement. The invested crypto can be traded or used to earn crypto-backs on the online and offline purchases. Coinseed was founded by Del Davaasambuu and Sukhbat Lkhagvadorj and has raised $133,890 in pre-seed funding. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $500,000, and the proceeds will be used for general expenses, hiring, and marketing. The user base of Coinseed has already reached 22,000, and the total trade volume crossed $25 million in the first half of 2019. The company generated $279,000 of revenues in 2018 and is positioned well to grow in the future.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Coinseed 04/29/2020 Mr. Crowd $6,000,000 $57,553 SAFE Funded RegCF
Coinseed 09/15/2019 SeedInvest $6,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Coinseed 03/24/2019 Microventures $5,000,000 $130,763 Convertible Note Funded RegCF
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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.

Employee History

Funding data not publicly available

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Coinseed on SeedInvest
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $6,000,000

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