Foundry Michelangelo by Treasure Investments
Growth Stage
The source for the world's greatest fine art masterpieces
Overview
Raised: $351,137
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/28/2021
Close Date
04/27/2022
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$240
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.20
Pre-Money Valuation
$299,280,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,951
# of Investors
121
Momentum
Funded
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Year Founded
2016
Industry
Arts & Crafts
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Foundry Michelangelo by Treasure Investments, with a valuation of $299 million, is raising funds on StartEngine. It is a fine arts company that creates the world’s finest gold, silver, and bronze sculptures. The company has approximately 2,000 original master molds from 230 of the famous artists in history. Foundry Michelangelo by Treasure Investments generated $2.1 million in revenue in 2019 and $2.4 million in 2020. Mark Russo founded Foundry Michelangelo by Treasure Investments in November 2016. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,999.20. The campaign proceeds will be used to produce and sell its high-end sculptures on a global scale.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,480,900 |
$2,182,773 |
|
COGS |
$904,759 |
$1,058,522 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$392,067 |
$-178,313 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$516,655 |
$399,363 |
|
Accounts Receivable |
$138,670 |
$104,074 |
|
Total Assets |
$61,677,318 |
$61,010,990 |
|
Short-Term Debt |
$336,120 |
$576,490 |
|
Long-Term Debt |
$169,400 |
$0 |
|
Total Liabilities |
$505,520 |
$576,490 |
Financials as of: 10/28/2021
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