IMBY

IMBY

Early Stage

Multi-functional platform

Multi-functional platform

Overview

Raised to Date: Raised: $24,640

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/26/2024

Close Date

05/08/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

23

% of Min. Goal

41%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,232

# of Investors

41

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2011

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Claverack, New York

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
IMBY on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Preferred
Price per Share: $1.00

Follow company

Follow IMBY on Honeycomb 2024

Buy IMBY's Deal Report

IMBY Deal Report

Get KingsCrowd’s comprehensive report on IMBY including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether IMBY is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the IMBY deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge