IMBY
About this raise
IMBY is raising funds on Honeycomb. It is a multi-functional platform that works as a network of hyperlocal websites to empower communities to create their own digital newspapers. IMBY comes with custom software that functions as a practical solution to gather local news and develop citizen journalism. The platform has grown to 32 community sites in four countries and plans to grow exponentially using the right resources. John Isaacs and Enid Futterman founded IMBY in March 2011. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for hiring, working capital, development, and marketing.
Investment Overview
Invested : $62,090
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 03/27/2024
- Close Date
- 06/03/2024
$60,000
$124,000
$100
Equity - Preferred
Early Stage
RegCF
$1.00
$2,500,000
Company & Team
Company
- Year Founded
- 2011
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$18,098
as of FY2023
- Monthly Burn
-
$567
as of FY2023
-
Runway
-
24+ months
as of FY2023
- Gross Margin
-
54%
as of FY2023
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/03/2024 | Honeycomb | $2,500,000 | $62,090 | Equity - Preferred | Funded | RegCF |