Mainvest

Growth Stage

Empowering communities to start, scale, and invest in small businesses

Overview

Raised to Date: Raised: $385,795

Total Commitments ($USD)

Platform

Republic

Start Date

11/04/2022

Close Date

01/02/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$500

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

1,543%

% of Max. Goal

31%

Likelihood of Max
Funded
Avg. Daily Raise

$6,539

# of Investors

282

Momentum
Funded
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Salem, Massachusetts

Business Type

High Growth

Mainvest, with a valuation of $15 million, is raising funds on Republic. It is an investment platform for Main Street that empowers communities to start, scale, and invest in small businesses. The platform empowers small businesses to grow and expand by securing capital by leveraging their local communities and also gives consumers access to tangible investment opportunities. Mainvest has launched more than 500 investment opportunities and is on its path to profitability in the second half of 2023. Nicholas Mathews founded Mainvest in March 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for expanding sales distribution in three new areas, marketing, partnerships, and expanding investor social profiles.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$497,978

$367,805

COGS

$381,185

$350,496

Tax

$0

$0

 

 

Net Income

$-2,081,237

$-2,541,662

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$353,205

$1,789,235

Accounts Receivable

$42,336

$23,154

Total Assets

$419,782

$1,831,973

Short-Term Debt

$85,519

$45,851

Long-Term Debt

$9,543

$94,543

Total Liabilities

$95,062

$140,394

Financials as of: 11/04/2022
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Mainvest on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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