Engiven

Engiven

Early Stage

Engiven's enterprise donation platform empowers nonprofit organizations to securely accept and exchange cryptocurrency donations.

Engiven's enterprise donation platform empowers nonprofit organizations to securely accept and exchange cryptocurrency donations.

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

08/02/2020

Close Date

09/27/2020

Min. Goal
$25,000
Max. Goal
$1,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$2.95

Pre-Money Valuation

$5,000,000

Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

High

Capital Intensity

Location

Escondido, California

Business Type

High Growth

Engiven, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The platform empowers nonprofit organizations to receive and exchange cryptocurrency donations. Engiven aims to provide nonprofit organizations access to the financial and strategic benefits of cryptocurrency donations. Engiven was founded by James Lawrence and Matt Hayes in 2018 and has raised over $1.2 million since its founding. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,000,000. The proceeds will be used for sales and marketing, operations, product development, and legal expenses. Engiven is currently being used by over 25 nonprofit beta clients, including two of the largest churches of America. The business is registered with FinCEN as a Money Services Business.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$825

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$682,595

$648,700

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$238,277

$510,506

Accounts Receivable

$7,528

$800

Total Assets

$251,988

$513,517

Short-Term Debt

$712,283

$561,217

Long-Term Debt

$0

$0

Total Liabilities

$712,283

$561,217

Financials as of: 08/02/2020
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Engiven on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $5,000,000
Price per Share: $2.95

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Warning: according to the close date for this deal, Engiven may no longer be accepting investments.

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