About this raise
Commongrounds Cooperative is raising funds on MainVest. It is a real estate cooperative in Traverse City that aims to develop real estate to meet community needs. The cooperative will be a building project and will also serve as the backbone for activities, wellness, and arts. Commongrounds Cooperative will offer two classes of ownership, real estate tenant owners and members of the community. Katherine Redman founded Commongrounds Cooperative in March 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for the repayment of bridge loans for construction, additional buildout costs, and operating capital.
Investment Overview
Invested : $128,500
Deal Terms
Total Commitments ($USD)
- Platform
- MainVest
- Start Date
- 01/19/2023
- Close Date
- 10/31/2023
$100,000
$1,000,000
$100
Equity - Common
Seed
RegCF
Company & Team
Company
- Year Founded
- 2018
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $429,800
- VC Backed?
- No
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.