NYCE

Growth Stage

Own a piece of the skyline—and join a community of future millionaires

Analytics

Raised to Date: Raised: $535,000

Aggregate Commitments $

Platform

Wefunder

Start Date

07/15/2021

Close Date

09/13/2021

Min. Goal

$50,000

Max. Goal

$535,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$50,000,000

Rolling Commitments $

Status
Funded
Reporting Date

09/30/2021

Days Remaining
Funded
% of Min. Goal

1,070%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$8,917

Momentum
Funded
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Location

New York, New York

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

NYCE, with a pre-money valuation of $50 million, is raising crowdfunding on Wefunder. The company owns, develops, and operates apartment buildings in NYC Metro, Philadelphia, and Washington DC and allows women and millennials of color to own a part of real estate portfolios. NYCE aims to bring over 100,000 millennials to co-own real estate with them and build wealth for the generation. NYCE was founded by Philip Michael and Martin Braithwaite in January 2020 and raised over $1 million in the previous round of crowdfunding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $535,000, and the funds will be used towards marketing, business operations, liquidity, and general use. NYCE has launched its app, Robinhood of real estate, and has over 175,000 users across community members, subscribers, and investors.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,340,296

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-115,755

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$467,961

$0

Accounts Receivable

$0

$0

Total Assets

$7,566,890

$0

Short-Term Debt

$1,212,787

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,212,787

$0

Financials as of: 07/15/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NYCE 09/13/2021 Wefunder $50,000,000 $535,000 Equity - Preferred Funded RegCF
NYCE 07/31/2020 Wefunder $25,000,000 $727,175 SAFE Funded RegCF
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NYCE on Wefunder 2021
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,000,000
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