Joolez

Joolez

Early Stage

Fine jewelry marketplace matching customers with ideal diamond engagement rings using AI

Fine jewelry marketplace matching customers with ideal diamond engagement rings using AI

Overview

Raised this Round: Raised: $14,565

Total Commitments ($USD)

Platform

Microventures

Start Date

04/05/2021

Close Date

09/06/2021

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,400,000

Valuation Cap

$4,000,000

Discount

20%

Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Joolez, with a valuation cap of $4 million, is raising funds on MicroVentures. The company has developed a jewelry marketplace that uses artificial intelligence to match customers with their ideal diamond engagement rings. The algorithm will change how customers shop for diamond rings online and get the perfect match for themselves. Yuri Iskhakov founded Joolez in December 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing, R&D, equipment purchases, and general working capital. Joolez aims to give customers access to more than one million diamonds through its large diamond and jewelry trading networks.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-58,854

$1

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,552

$1,550

Accounts Receivable

$0

$0

Total Assets

$1,552

$1,550

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/05/2021
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Joolez on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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