Overview

Raised to Date: Raised: $77,360

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

02/21/2021

Close Date

08/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$8,000,000

Discount

10%

Venture Capital Investors:

TechStars

Google Black Founders Fund

Hockey Stick Investments

Rolling Commitments ($USD)

Status

Funded

Reporting Date

09/04/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$407

# of Investors

250

Momentum

Funded

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Healthy Hip Hop

Year Founded

2019

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Kansas City, Missouri

Business Type

Growth

Company Website

Healthy Hip Hop, with a $10 million valuation cap, is raising funds on Republic. The platform offers a safe social media experience for kids with the help of hip-hop culture, social interaction, and literacy. The company partners with schools and parents to offer its comprehensive childhood development program to kids. Roy Scott and Wes Smith founded Healthy Hip Hop in October 2019. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for onboarding 10,000 new users, including schools, parents, and companies, IT development, marketing, and team talent. Healthy Hip Hop has over 1,500 live events and over 5,000 active users. The company expects its revenue to reach $10.7 million by 2023.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$34,197	$50,941
COGS	$9,261	$38,732
Tax	$0	$0
Net Income	$-109,934	$-40,076

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$8,283	$130,526
Accounts Receivable	$150	$0
Total Assets	$8,433	$130,526
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

Financials as of: 02/21/2021

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Founder Profile: Healthy Hip Hop Co-founder Roy Scott

Hip hop is one of the leading genres of music, and its popularity extends across age groups. Healthy Hip Hop wants to utilize hip hop music and culture to encourage academic success and emotional learning in urban children. This edtech platform can be used by parents as well as teachers. It also features a unique function that allows kids to upload their own content.

We spoke to co-founder Roy Scott about how his own son helped inspire the creation of Healthy Hip Hop and where the company is headed.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview