Melanence
About this raise
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.
Investment Overview
Invested : $110,006
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 08/28/2020
- Close Date
- 02/25/2021
$10,000
$250,000
$99
Equity - Common
Seed
RegCF
$0.50
$4,500,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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$12.50 /month
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Ratings 
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/25/2021 | Netcapital | $4,500,000 | $110,006 | Equity - Common | Funded | RegCF |
Founder Interview
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.