HeyBaby
Early Stage
The relationship and community app for people who have kids or want kids
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/01/2022
Close Date
03/24/2023
Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/24/2023
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
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
HeyBaby, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a relationship and community app for people who have kids or want kids. The app functions as a dating and community app that turns singles into partners and partners into families. HeyBaby app has had over 50,000 downloads and is on the way to a full subscription model due in the first quarter of 2023. Diko Daghlian and Chas McFeely founded HeyBaby in June 2018. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, headcount, product development, and SG&A expenses.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-693,879 |
$-434,709 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$277,946 |
$60,875 |
|
Accounts Receivable |
$5,883 |
$0 |
|
Total Assets |
$879,203 |
$761,386 |
|
Short-Term Debt |
$17,497 |
$56,596 |
|
Long-Term Debt |
$1,653,940 |
$803,147 |
|
Total Liabilities |
$1,671,437 |
$859,743 |
Financials as of: 12/01/2022
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