Genie Lens
Early Stage
Turn your wish into a reality!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Netcapital
Start Date
12/08/2021
Close Date
02/09/2022
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$3,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/09/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Genie Lens, with a valuation of $3 million, is raising funds on NetCapital. The company has developed a free app for social media photo editing and manipulation. The app allows users to promote and sell their products using creativity and fun. The specific editing features of Genie Lens helps users edit their photos based on their unique needs. Rudy De Leon founded Genie Lens in March 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for compensation, marketing, app maintenance, app development, and rents.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$322,000 |
$218,225 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$204,000 |
$-23,559 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$204,000 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$23,559 |
$23,559 |
|
Total Liabilities |
$23,559 |
$23,559 |
Financials as of: 12/08/2021
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