Connection Publishing
About this raise
Connection Publishing, with a pre-money valuation of $2.4 million, is raising funds on Mr. Crowd. It is a magazine company that works with cities to replace their traditional newsletters with full-featured news magazines. The magazines carry the official news of the city, in addition to engaging stories from the local community. Connection Publishing was founded by Melissa Spelts and Ryan Spelts in 2016. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $107,000. The proceeds will be used to expand to new cities and communities. Connection Publishing has been profitable in the past two fiscal years, with revenue growth of 57% in 2018. The company is creating connections in the communities, in addition to providing the news and important information.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Mr. Crowd
- Start Date
- 05/16/2019
- Close Date
- 11/29/2020
$10,000
$107,000
$100
Equity - Common
Early Stage
RegCF
$1.00
$2,400,000
Company & Team
Company
- Year Founded
- 2016
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +57% YoY
- $305,370
- Monthly Burn
- Profitable
-
Cash on Hand
- $770
- Gross Margin
- 88%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/29/2020 | Mr. Crowd | $2,400,000 | $0 | Equity - Common | Not Funded | RegCF |