KarmaCall

KarmaCall

Closed: Dec. 2022

About this raise

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.

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Investment Overview

Invested this round: $10,000

Deal Terms

Total Commitments ($USD)

Platform
Title3Funds
Start Date
02/04/2021
Close Date
12/20/2022
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Adrian Garcia
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$1,734
 Runway
2.5 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/20/2022 Title3Funds $5,000,000 $10,000 Convertible Note Funded RegCF
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Add to portfolio
KarmaCall on Title3Funds
Platform: Title3Funds
Security Type: Convertible Note
Valuation: $5,000,000

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Follow KarmaCall on Title3Funds

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

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