Groundfloor
Growth Stage
The OS for in-person community
Overview
Raised: $206,309
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/21/2024
Close Date
04/30/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$1,000
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,084
# of Investors
252
Momentum
Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Groundfloor, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a social platform to scale community management. Groundfloor uses data and analytics to offer friend suggestions and functions as an end-to-end community management platform and a marketplace for the exchange of goods, services, and ideas. The platform has a waitlist of 5,000 and an ARR of $2 million. Jamie Snedden founded Groundfloor in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for technical development, new location launch, operational costs, marketing, and general expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$509,927 |
$2,321 |
|
COGS |
$18,083 |
$58 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-433,879 |
$-151,960 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,120,392 |
$717,582 |
|
Accounts Receivable |
$26 |
$0 |
|
Total Assets |
$1,636,430 |
$792,537 |
|
Short-Term Debt |
$40,667 |
$50,606 |
|
Long-Term Debt |
$241,348 |
$0 |
|
Total Liabilities |
$282,014 |
$50,606 |
Financials as of: 01/21/2024
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