FLOLiO
Early Stage
Wisdom Within Web3
Overview
Raised: $65,277
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/10/2022
Close Date
02/07/2023
Min. Goal
$14,999
Max. Goal
$1,234,999
Min. Investment
$297
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$3.30
Pre-Money Valuation
$33,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
6
% of Min. Goal
435%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$786
# of Investors
19
Momentum
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Location
Glenview, Illinois
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
FLOLiO, with a valuation of $33 million, is raising funds on StartEngine. The company has developed a consumer-focused platform that empowers NFT traders and creators. The platform offers asset management, aggregated analytics, and web3 marketing mechanisms and helps users assess their digital asset portfolio, gain industry insights, and make informed trading decisions. FLOLiO is in the pre-revenue stage of development and will earn through a business model based on affiliates conversion, collectors cashback, and creator sales and royalties. Christopher Nicolau and Mikhail Reznik founded FLOLiO in July 2021. The current crowdfunding campaign has a minimum target of $14,998.50 and a maximum target of $1.23 million. The campaign proceeds will be used to hire new talent, add more intuitive trading features to the platform, and expand opportunities for users.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-29,529 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$70,911 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$70,911 |
$0 |
|
Short-Term Debt |
$4,098 |
$0 |
|
Long-Term Debt |
$219,615 |
$0 |
|
Total Liabilities |
$223,713 |
$0 |
Financials as of: 11/10/2022
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