Netsave
Early Stage
Building a safer community marketplace for easy local selling & buying without hassle
Overview
Raised: $53,950
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/25/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$20,000,000
Valuation Cap
$25,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
325
% of Min. Goal
108%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$1,199
# of Investors
17
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 04/25/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.