Markid

Early Stage

Circular marketplace designed for parents

Analytics

Raised to Date:
$37,650 - RegCF
$129,798 - Total

Aggregate Commitments $

Platform

SeedInvest

Start Date

11/16/2022

Close Date

12/28/2022

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(c)

Series

Seed

Price Per Share

$1.33

Pre-Money Valuation

$12,000,000

Rolling Commitments $

Status

Active

Reporting Date

11/27/2022

Days Remaining

31

% of Min. Goal

151%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,423

Momentum
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Location

New York, New York

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Markid, with a valuation of $12 million, is raising funds on SeedInvest. It is a circular marketplace specially designed for parents to buy and sell kids’ new, used, and refurbished items. The platform has integrated peer-to-peer and brand-resale channels to help parents sell their kids’ unused and outgrown items and buy more new and used products. Markid has a brand partnership with Swoondle Society and has established collaborations with numerous content creators and mom influencers. Ankur Dhawan, Stephanie Cartin, and Devyani Mehta founded Markid in September 2022. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum raise target of $500,000, and a maximum target of $1.24 million. The campaign proceeds will be used for B2B brand partnerships, scaling technology, certified products, and community.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$38,714

$573

COGS

$19,780

$0

Tax

$0

$0

 

 

Net Income

$-429,708

$-205,315

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$72,089

$129,993

Accounts Receivable

$0

$0

Total Assets

$73,714

$129,993

Short-Term Debt

$18,552

$12,169

Long-Term Debt

$96,436

$99,521

Total Liabilities

$114,988

$111,690

Financials as of: 11/16/2022
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Markid on SeedInvest 2022
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Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,000,000

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