Healthy Hip Hop

Healthy Hip Hop

Closed: Aug. 2021

About this raise

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.

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Investment Overview

Invested this round: $77,360

Deal Terms

Total Commitments

Platform
Republic
Start Date
02/22/2021
Close Date
08/31/2021
Min. Goal
$25,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

10%

Company & Team

Company

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
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Roy Scott
Title
CEO
Founder Name
Wes Smith
Title
COO

Financials

 Revenue -32.9% YoY
$34,197
 Monthly Burn
$9,161
 Runway
0.9 months
 Gross Margin
73%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$52,500
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2021 Republic $8,000,000 $77,360 SAFE Funded RegCF
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Founder Interview

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Healthy Hip Hop on Republic
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

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Follow Healthy Hip Hop on Republic

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Warning: according to the close date for this deal, Healthy Hip Hop may no longer be accepting investments.

Healthy Hip Hop Deal Report

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