Overview

Raised to Date: Raised: $110,006

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Netcapital

Start Date

08/27/2020

Close Date

02/25/2021

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$0.50

Pre-Money Valuation

$4,500,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/27/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$608

Momentum

Funded

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Melanence

Year Founded

2020

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Upland, California

Business Type

Growth

Company Website

Melanence, with a post-money valuation of $4.75 million, is raising funds on NetCapital. The platform contains a variety of soft skills and technical courses that empower communities of color. The courses help in the professional, career, and personal development of individuals of color. The platform provides accessible and purposeful education, with diversity and inclusion. Juan Young founded Melanence in May 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. The raise’s proceeds will be used for technology development, marketing and advertising, executive compensation, and legal and administrative expenses. Melanence works on a subscription-based business model and plans to generate more revenue streams through Melanence for Teams, Melanence for Schools, and Corporate Recruiter Subscriptions.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$0	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$0	$0
Accounts Receivable	$0	$0
Total Assets	$0	$0
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

Financials as of: 08/27/2020

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Melanence Founder Juan Young on Development & Diversity

Professional development and the pursuit of new skills are often critical activities for those looking to advance their careers. Yet it can be difficult for people of color to find support and safe spaces for their own development. With workplace diversity becoming an increasingly important issue, the need for career advancement resources for communities of color is also rising.

Melanence wants to answer that need through its online platform of educational and developmental content. We talked to founder and CEO Juan Young about his own struggles with development and networking as well as his vision for the future of this space.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview