Incolo

Early Stage

A Startup Platform for All Founders & Investors

Analytics

Raised to Date: Raised: $131,975

Aggregate Commitments $

Platform

Localstake

Start Date

03/16/2021

Close Date

02/28/2022

Min. Goal

$57,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,200,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

09/26/2021

Days Remaining

155

% of Min. Goal

232%

% of Max. Goal

53%

Likelihood of Max
possible
Avg. Daily Raise

$680

Momentum
cold
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Location

Raleigh, North Carolina

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Incolo, with a valuation cap of $8.2 million, is raising crowdfunding on Localstake. It is a startup platform for all founders and investors and is focused on the success of a diversity of businesses. The platform includes a founder community platform, the FENX, masterclass and coaching for founders, and funding. William McGuire founded Incolo in January 2019. The current crowdfunding campaign has a minimum target of $57,000 and a maximum target of $250,000. The raise proceeds will be used for hiring, marketing, and startup and development. Incolo reported triple-digit revenue growth from 2019 to 2020, and the founder company contract grew by 260% in the same period.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$36,100

$5,075

COGS

$18,871

$2,544

Tax

$0

$0

 

 

Net Income

$-27,714

$-24,003

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$22,596

$981

Accounts Receivable

$12,114

$8,399

Total Assets

$36,710

$9,379

Short-Term Debt

$11,176

$-18,167

Long-Term Debt

$40,000

$5,003

Total Liabilities

$51,176

$-13,164

Financials as of: 03/16/2021
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