Launch Cart
Early Stage
Changing the Game for Entrepreneurs
Overview
Raised: $191,378
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/13/2023
Close Date
03/15/2024
Min. Goal
$10,001
Max. Goal
$1,225,000
Min. Investment
$350
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.75
Pre-Money Valuation
$21,866,133
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,569
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Launch Cart, with a valuation of $21.9 million, is raising funds on NetCapital. The company is changing the game for entrepreneurs with its eCom SaaS platform. Launch Cart’s platform will function as a sourcing marketplace and banking as a service with a split payment solution. The company is creating a new category of on-demand e-commerce to help small business owners, entrepreneurs, brands, and manufacturers. Greg Writer founded Launch Cart in August 2019. The current crowdfunding campaign has a minimum target of $10,001.25 and a maximum target of $1.23 million. The campaign proceeds will be used for management compensation, short-term debt, paid media marketing, and software development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$233,804 |
$66,970 |
|
COGS |
$25,809 |
$103,468 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-982,936 |
$-974,526 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,908 |
$33,845 |
|
Accounts Receivable |
$0 |
$900 |
|
Total Assets |
$744,708 |
$892,398 |
|
Short-Term Debt |
$1,791,360 |
$462,518 |
|
Long-Term Debt |
$1,676,282 |
$1,766,767 |
|
Total Liabilities |
$3,467,642 |
$2,229,285 |
Financials as of: 11/13/2023
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