DoneGood
Build A Better World With Every Purchase
Overview
Raised: $131,207
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/01/2023
Close Date
07/27/2023
Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment
$101
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.36
Pre-Money Valuation
$5,130,230
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
47
% of Min. Goal
875%
% of Max. Goal
21%
Likelihood of Max
Avg. Daily Raise
$3,280
# of Investors
228
Momentum
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
DoneGood, with a valuation of $5.13 million, is raising funds on StartEngine. The company has developed an online marketplace for users to shop from over 120 sustainable and eco-friendly brands. The platform enables shoppers to bring about a positive change with every purchase and do good in the world. DoneGood has drawn more than 8,000 customers and generated over $2.5 million in sales since its launch. Cullen Schwarz founded DoneGood in February 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $618,000. The campaign proceeds will be used for marketing, company employment, site improvements, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$339,793 |
$313,590 |
|
COGS |
$186,225 |
$180,666 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-412,723 |
$-266,917 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$104,597 |
$508,733 |
|
Accounts Receivable |
$356 |
$6,883 |
|
Total Assets |
$104,954 |
$515,616 |
|
Short-Term Debt |
$2,561 |
$499 |
|
Long-Term Debt |
$813,000 |
$813,000 |
|
Total Liabilities |
$815,561 |
$813,499 |
Financials as of: 05/01/2023
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