IRL Social Skills

IRL Social Skills

Closed: Aug. 2024

About this raise: IRL Social Skills is raising funds on SMBX. It is an educational support service where autistic and other neurodivergent teens and adults can learn and refine their social skills. IRL Social Skills uses direct instruction, coaching, and peer interaction to teach social skills to neurodivergent people and help them initiate, cultivate, and maintain relationships at any age and in every area of life. The skill-building courses of IRL Social Skills are specifically designed to decrease anxiety, increase self-confidence, and improve the mental health of its students. Mara McLoughlin founded IRL Social Skills in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used for website migration, video production, marketing, and working capital.

Expand

Investment Overview

Invested this round: $50,000

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
07/10/2024
Close Date
08/08/2024
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

2.0 years

Company & Team

Company

Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Portland, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Mara McLoughlin
Title
Director and Managing Member

Financials

as of Fiscal Year 2023
 Revenue +319% YoY
$264,848
 Monthly Burn
$87
 Cash on Hand
$14,289
Gross Margin
64%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$264,848

$63,141

COGS

$95,653

$69,463

Tax

$0

$0

 

 

Net Income

$-1,047

$10,063

Summary Balance Sheet

FY 2023 FY 2022

Cash

$14,289

$4,140

Accounts Receivable

$0

$5,100

Total Assets

$59,789

$9,240

Short-Term Debt

$25,841

$500

Long-Term Debt

$63,750

$20,500

Total Liabilities

$89,591

$21,000
Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$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
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/08/2024 SMBX - $50,000 Debt Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
IRL Social Skills on SMBX 2024
Platform: SMBX
Security Type: Debt

Follow company

Follow IRL Social Skills on SMBX 2024
View on SMBX

Buy IRL Social Skills's Deal Report

Warning: according to the close date for this deal, IRL Social Skills may no longer be accepting investments.

IRL Social Skills Deal Report

Get Kingscrowd's comprehensive report on IRL Social Skills including:

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

Buy the IRL Social Skills deal report for only $10!

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