KarmaCall

KarmaCall

Early Stage

It’s Safe To Answer Your Phone Again.

It’s Safe To Answer Your Phone Again.

Overview

Raised to Date: Raised: $10,000

Total Commitments ($USD)

Platform

Title3Funds

Start Date

02/03/2021

Close Date

12/19/2022

Min. Goal
$10,000
Max. Goal
$700,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$15

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Irvine, California

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: 02/03/2021
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KarmaCall on Title3Funds
Platform: Title3Funds
Security Type: Convertible Note
Valuation: $5,000,000

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

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