Mylance
Early Stage
Removing the lead gen burden for skilled freelancers
Overview
Raised: $84,578
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/27/2021
Close Date
01/13/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Mylance | 01/13/2022 | Wefunder | $10,000,000 | $84,578 | SAFE | Funded | RegCF |
No prior online funding rounds.
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