M.C. Squares

M.C. Squares

Growth Stage

Tech is hijacking your brain - set your ideas free with M.C. Squares

Tech is hijacking your brain - set your ideas free with M.C. Squares

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/27/2022

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$4,000,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$16,900,000

Valuation Cap

$18,000,000

Discount

7%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/30/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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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

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.

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
Financials as of: 03/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
M.C. Squares 04/29/2022 Wefunder $18,000,000 $0 SAFE Not Funded RegCF
M.C. Squares 03/26/2022 Dalmore Group $18,000,000 - Equity - Common Not Funded RegCF
M.C. Squares 10/31/2021 StartEngine $16,901,033 $396,006 Equity - Common Funded RegCF
M.C. Squares 12/15/2020 StartEngine $13,000,000 $676,968 Equity - Common Funded RegCF
M.C. Squares 04/28/2020 Wefunder $11,000,000 $360,753 SAFE Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

Funding data not publicly available

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

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