Colossal

Colossal

Closed: Mar. 2020

About this raise

Colossal, with a valuation cap of $2 million, is raising funds on WeFunder. The company, through its social media platform Sayscape, brings the veterans together and offers them help and support. The primary objective of Colossal is veteran suicide prevention by providing them a helping hand when they need someone to rely on. Colossal was founded by Chris Santos and other veterans. The proceeds of the current crowdfunding round, with a minimum raise of $20,000 and a maximum raise of $107,000, will be used for the application development, research & development, and marketing and promoting Sayscape. The social media app is already live on Apple and Google app stores and does not have direct competition in the target market.

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Investment Overview

Invested this round: $22,750

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/11/2019
Close Date
03/25/2020
Min. Goal
$20,000
Max Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Marston Mills, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Founder Name
Christopher Santos
Title
CEO

Financials

 Revenue
$2,175
 Monthly Burn
$431
 Runway
5.9 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,175

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,175

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,562

$0

Accounts Receivable

$0

$0

Total Assets

$2,562

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/25/2020 Wefunder $1,000,000 $22,750 SAFE Funded RegCF
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Add to portfolio
Colossal on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $1,000,000

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

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