Mylance
About this raise
Mylance, with a valuation cap of $10 million, is raising crowdfunding on Wefunder. The company is developing a platform for freelancers to market themselves, support the community, and grow. The platform aims to offer lead generation and back-office admin to freelancers and streamline their operations. Bradley Jacobs founded Mylance in January 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards development, marketing, non-dev headcount, and legal expenses. Mylance reported a 695% growth in revenue from the first half of 2021 to the second half of 2021.
Investment Overview
Invested $84,578 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $55,153
- Monthly Burn
- $1,348
-
Runway
- 24+ months
- Gross Margin
- 84%
Upgrade to gain access
-
$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
Edge
Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
01/13/2022 | Wefunder | $10,000,000 | $84,578 | SAFE | Funded | RegCF |