Duo Marketplace

Early Stage

Wholesale Agent

Analytics

Raised to Date: Raised: $66,430

Aggregate Commitments $

Platform

SMBX

Start Date

04/08/2022

Close Date

05/23/2022

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

2

% of Min. Goal

266%

% of Max. Goal

66%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,545

Momentum
warm.svg
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Location

Lakewood, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Duo Marketplace is raising funds on SMBX. The company serves as the link between upcoming food brands and consumers at local retail stores. The food brands sign for a monthly subscription and contact the buyers to introduce their new products and see if they fit their customer base. Duo Marketplace helps brands understand individual stores and smaller chains and improve their relationships. In addition, the business plans to launch its Duo Sample Station, the world’s first automated brand ambassador. Fred Larkins and Michael White founded Duo Marketplace in March 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for app development, marketing, and supplies.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$93,308

$62,901

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,215

$32,051

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,722

$4,376

Accounts Receivable

$0

$0

Total Assets

$13,722

$4,376

Short-Term Debt

$-14,384

$-8,461

Long-Term Debt

$0

$0

Total Liabilities

$-14,384

$-8,461

Financials as of: 04/08/2022
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Duo Marketplace on SMBX 2022
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Platform: SMBX
Security Type: Debt

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