Healthy Hip Hop
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.
Investment Overview
Invested : $77,360
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 02/22/2021
- Close Date
- 08/31/2021
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$8,000,000
10%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -32.9% YoY
- $34,197
- Monthly Burn
- $9,161
-
Runway
- 0.9 months
- Gross Margin
- 73%
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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 |
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.