Mainvest

Growth Stage
Empowering communities to start, scale, and invest in small businesses
Overview
Raised: $385,795
Rolling Commitments ($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
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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