KarmaCall

Early Stage

It’s Safe To Answer Your Phone Again.

Analytics

Raised to Date: Raised: $11,500

Aggregate Commitments $

Platform

Title3Funds

Start Date

02/04/2021

Close Date

02/17/2023

Min. Goal

$10,000

Max. Goal

$700,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

05/22/2022

Days Remaining

271

% of Min. Goal

115%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$24

Momentum
cold.svg
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Location

Irvine, California

Industry

Consumer Products, Goods & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

KarmaCall, with a valuation cap of $5 million, is raising funds on Title3Funds. The company has developed a mobile app that helps in blocking spam calls and demonstrates its patented payments technology. The payments technology uses refundable nano payments to create digital trust between strangers. Adrian E. Garcia founded KarmaCall in September 2019. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $700,000, will be used for growth and expansion. KarmaCall also empowers users to get paid for their data. SpamCash, the time-based nano transaction system of KarmaCall, helps in reducing unsolicited communications.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$233

$175

Tax

$450

$0

 

 

Net Income

$-20,813

$-1,928

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,406

$3,861

Accounts Receivable

$0

$0

Total Assets

$25,796

$10,315

Short-Term Debt

$21,989

$1,374

Long-Term Debt

$43,415

$10,820

Total Liabilities

$65,404

$12,193

Financials as of: 02/04/2021
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KarmaCall on Title3Funds
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Platform: Title3Funds
Security Type: Convertible Note
Valuation: $5,000,000

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