Mylance

Early Stage

Removing the lead gen burden for skilled freelancers

Analytics

Raised to Date: Raised: $99,228

Aggregate Commitments $

Platform

Wefunder

Start Date

05/27/2021

Close Date

11/27/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

37

% of Min. Goal

198%

% of Max. Goal

40%

Likelihood of Max
unlikely
Avg. Daily Raise

$675

Momentum
cold
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Houston, Texas

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$55,153

$0

COGS

$8,792

$0

Tax

$450

$0

 

 

Net Income

$-16,172

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$60,594

$0

Accounts Receivable

$460

$0

Total Assets

$61,059

$0

Short-Term Debt

$72,237

$0

Long-Term Debt

$0

$0

Total Liabilities

$72,237

$0

Financials as of: 05/27/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

Hexanika on StartEngine 2021

The platform provides better data quality and increased auditability for regulators. Yogesh Pandit founded Hexanika in 2014. The current crowdfunding…

Valuation: $14,000,000
Min Investment: $100
Industry: Business Services, Software, & Applications
Raised $58,453 of $1,069,992 max
RegCF

UpCounsel on Wefunder 2021

The platform makes it affordable and convenient for small businesses to hire attorneys by eliminating overhead and high hourly rates.…

Valuation Cap: $28,000,000
Min Investment: $250
Industry: Business Services, Software, & Applications
Raised $2,671,920 of $5,000,000 max
RegCF

Pickzen on Wefunder 2021

The company has developed a no-code platform to make the life of developers easier. The platform can create any type…

Valuation Cap: $8,333,333
Min Investment: $100
Industry: Business Services, Software, & Applications
Raised $120,072 of $750,000 max
RegCF

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Mylance on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

Follow company

Follow Mylance on Wefunder 2021