Morningside PlayCare (2020)

Morningside PlayCare (2020)

Closed: Nov. 2020

About this raise

Morningside PlayCare, a learning center for children, is raising funds on NextSeed. The center provides nurturing care and immerses children in Mandarin and Spanish languages through play, creative activities, Yoga, and exploration of nature. The curriculum is inspired by the Hawthorne Valley Waldorf School and Flying Deer Nature Centre. Dr. Gail Foster founded Morningside PlayCare in 2015. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $20,000, will be used as working capital to sustain the business during COVID-19. Morningside PlayCare graduates have been accepted at the top Mandarin and Spanish immersion independent day schools in New York City. The center reported a 148% year-over-year growth from 2018 to 2019.

Expand

Investment Overview

Invested this round: $20,000

Deal Terms

Total Commitments

Platform
NextSeed
Start Date
08/21/2020
Close Date
11/25/2020
Min. Goal
$10,000
Max Goal
$20,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.30X

Company & Team

Company

Year Founded
2015
Industry
Education, Training, & Coaching
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Founder Name
Gail Foster
Title
CEO

Financials

 Revenue -19.7% YoY
$166,153
 Monthly Burn
$2,779
 Runway
7 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$166,153

$206,945

COGS

$0

$0

Tax

$5,770

$4,410

 

 

Net Income

$-33,346

$25,302

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$19,328

$10,110

Accounts Receivable

$10,682

$20,323

Total Assets

$30,010

$20,323

Short-Term Debt

$0

$0

Long-Term Debt

$38,348

$51,067

Total Liabilities

$38,348

$51,067

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/04/2021 NextSeed $2,250,000 $179,400 SAFE Funded RegCF
11/25/2020 NextSeed - $20,000 Revenue Share Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Morningside PlayCare on NextSeed
Platform: NextSeed
Security Type: Revenue Share

Follow company

Follow Morningside PlayCare on NextSeed

Buy Morningside PlayCare's Deal Report

Warning: according to the close date for this deal, Morningside PlayCare may no longer be accepting investments.

Morningside PlayCare Deal Report

Get Kingscrowd's comprehensive report on Morningside PlayCare including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Morningside PlayCare is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Morningside PlayCare deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge