About this raise

M.C. Squares, with a valuation of $18 million, is raising funds on Wefunder. The company brings people together for businesses, projects, and schoolwork by making whiteboarding better and more effective. The proprietary products of M.C. Squares include whiteboarding tools like nesting organizational dry-erase tiles, smudge-free erasable markers, and reusable whiteboard stickies. M.C. Squares’ revenue has gone up by 1,300% since 2018 and generated a gross profit of $2.1 million and revenue of $2.5 million in 2020. Anthony Franco founded M.C. Squares in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,000,000. The campaign proceeds will be used for retail packaging design and inventory, advanced marketing, product inventory, sales hires and trade shows, and working capital.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/28/2022
Close Date
04/30/2022
Min. Goal
$50,000
Max Goal
$4,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$16,900,000

Valuation Cap

$18,000,000

Discount

7%

Company & Team

Company

Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Denver, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
Yes
Founder Name
Anthony Franco
Title
CEO

Funding data not publicly available

Financials

 Revenue +322% YoY
$2,577,037
 Monthly Burn
$117,362
 Runway
4.5 months
 Gross Margin
75%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,577,037

$610,697

COGS

$637,684

$129,499

Tax

$0

$0

 

 

Net Income

$-1,408,347

$-732,738

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$523,751

$123,227

Accounts Receivable

$27,239

$17,333

Total Assets

$1,494,810

$688,938

Short-Term Debt

$400,205

$250,730

Long-Term Debt

$969,073

$352,148

Total Liabilities

$1,369,278

$602,878

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,059,944
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $18,000,000 $0 SAFE Not Funded RegCF
02/03/2022 Dalmore Group $18,000,000 - Equity - Common Not Funded RegCF
11/01/2021 StartEngine $16,901,033 $396,006 Equity - Common Funded RegCF
12/29/2020 StartEngine $13,000,000 $676,968 Equity - Common Funded RegCF
10/29/2020 StartEngine $12,994,367 - Equity - Common Funded RegCF
04/29/2020 Wefunder $11,000,000 $360,753 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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M.C. Squares on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $18,000,000

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