Netsave
Early Stage
Building a safer community marketplace for easy local selling & buying without hassle
Overview
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
Early Bird Val. Cap
$20,000,000
Valuation Cap
$25,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$320
# of Investors
45
Momentum
Funded
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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: 04/24/2023
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