Love The Network

Early Stage

Revolutionizing Online Dating

Overview

Raised to Date: Raised: $1,400

Total Commitments ($USD)

Platform

Fundopolis

Start Date

07/01/2020

Close Date

09/29/2020

Min. Goal

$50,000

Max. Goal

$249,999

Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.50

Pre-Money Valuation

$1,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/30/2020

Days Remaining
Funded
% of Min. Goal

3%

% of Max. Goal

1%

Likelihood of Max
Funded
Avg. Daily Raise

$16

# of Investors

6

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Portland, Maine

Business Type

Growth

Love The Network, a revolutionary online dating app with a valuation of $1 million, is raising funds on Fundopolis. The app allows only background-checked members with no charges of stalking, domestic violence, and harassment. The app also educates its members on healthy dating and happy relationships, while protecting them against predators, scammers, and fake accounts. Love The Network was founded by Ryan Murphy and Lauren Gamache in 2019. The proceeds of the current round of funding, with a minimum goal of $50,000 and a maximum goal of $249,999, will be used to cover costs for background checking and marketing and to expand the initial launch. Love The Network promotes positive, healthy dating and relationships and aims to create a social impact.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$94

$0

COGS

$13,424

$0

Tax

$0

$0

 

 

Net Income

$-67,368

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$141

$0

Accounts Receivable

$0

$0

Total Assets

$141

$0

Short-Term Debt

$0

$0

Long-Term Debt

$67,500

$0

Total Liabilities

$67,500

$0

Financials as of: 07/01/2020
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Love The Network on Fundopolis
Platform: Fundopolis
Security Type: Equity - Preferred
Valuation: $1,000,000

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