Markid

Markid

Early Stage

Circular marketplace designed for parents

Circular marketplace designed for parents

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SeedInvest

Start Date

11/15/2022

Close Date

12/14/2022

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$1.33

Pre-Money Valuation

$12,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/17/2022

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

2022

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

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: 11/15/2022
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Markid on SeedInvest 2022
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $12,000,000
Price per Share: $1.33

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