Duby
About this raise
Duby is here to help you socialize over….lighting a doobie! They’re a cannabis social network and cannabis business advertising and marketing platform, and they’re app is available on Apple, Android, and Amazon Mobile. Since their app launch in April 2015, they’ve seen over 250,000 installs, over 100,000 likes/dislikes daily, and they’ve earned over $20,000 in monthly revenues -- 85% of which are recurring revenues from the sale of in-app business profiles and social media management services. They have a patent pending social algorithm and registered trademarks, and they’ve been able to increase business profile views 645% in the past four months of their release of the new Duby Explorer.
Investment Overview
Invested : $21,000
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 10/03/2018
- Close Date
- 12/28/2018
$10,000
$107,000
$500
Convertible Note
Early Stage
RegCF
$5,500,000
0%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Denver, Colorado
- Company Website
-
Visit Website
Team
- Employees
- 6
Financials
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-
$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
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/28/2018 | StartEngine | $5,500,000 | $21,000 | Convertible Note | Funded | RegCF |