IMBY
Early Stage
Multi-functional platform
Overview
Raised: $28,940
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/26/2024
Close Date
05/09/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$2,500,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
12
% of Min. Goal
48%
% of Max. Goal
23%
Likelihood of Max
Avg. Daily Raise
$904
# of Investors
49
Momentum
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Year Founded
2011
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$18,098 |
$17,905 |
|
COGS |
$8,357 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-6,804 |
$-23,727 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$66,986 |
$87,814 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$200,847 |
$221,667 |
|
Short-Term Debt |
$1,558 |
$1,146 |
|
Long-Term Debt |
$7,200 |
$21,200 |
|
Total Liabilities |
$8,758 |
$22,346 |
Financials as of: 03/26/2024
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