Melanence
Early Stage
A professional, career & personal development platform created for and by communities of color. Through a variety of unique technical and soft skill courses taught by industry experts, Melanence empowers communities of color to change the world.
Analytics
Raised: $110,006
Aggregate Commitments $
Platform
Netcapital
Start Date
08/28/2020
Close Date
02/25/2021
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$99
Security Type
Equity - Common
Funding Type
RegCF
Series
Seed
Price Per Share
$0.50
Pre-Money Valuation
$4,500,000
Rolling Commitments $
Status
Funded
Reporting Date
02/28/2021
Days Remaining
Funded
% of Min. Goal
1,100%
% of Max. Goal
44%
Likelihood of Max
Funded
Avg. Daily Raise
$608
Momentum
Funded
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Founder Profile
Location
Upland, California
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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: 08/28/2020
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