Netsave

Netsave

Early Stage

Building a safer community marketplace for easy local selling & buying without hassle

Building a safer community marketplace for easy local selling & buying without hassle

Overview

Raised this Round: Raised: $109,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/24/2023

Close Date

03/31/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$25,000,000

Discount

0%

Year Founded

2021

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

LOS ANGELES, California

Business Type

High Growth

Netsave, with a valuation of $25 million, is raising funds on Wefunder. The company is building a community marketplace for buying and selling locally without any hassle. The business is innovating social commerce marketplace with livestream shopping and has user safety and environmental sustainability at its core. Netsave is led by an experienced team and has a diverse community of over 500 sellers. Justin E. Georges founded Netsave in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, salary and wages, operating and maintenance, and legal expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,455

$-52,734

Summary Balance Sheet

FY 2022 FY 2021

Cash

$500

$-3,649

Accounts Receivable

$0

$0

Total Assets

$830,413

$597,615

Short-Term Debt

$0

$0

Long-Term Debt

$768,852

$564,599

Total Liabilities

$768,852

$564,599

Financials as of: 04/24/2023
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Netsave on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $25,000,000

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