NYCE

Growth Stage

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

Overview

Raised to Date: Raised: $193,429

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/03/2023

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$4,000,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$125,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

387%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,670

# of Investors

465

Momentum
cold.svg
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Location

New York, New York

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

NYCE, with a valuation of $125 million, is raising funds 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 has launched its app, Robinhood of real estate, with over 1.2 million users across community members, subscribers, and investors. Philip Michael founded NYCE in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4 million. The campaign proceeds will be used for acquisitions, operations, salaries, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$14,768,428

$5,340,296

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,934,929

$-2,315,090

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$238,050

$467,961

Accounts Receivable

$0

$0

Total Assets

$8,908,809

$7,566,890

Short-Term Debt

$2,097,904

$1,212,787

Long-Term Debt

$40,509

$0

Total Liabilities

$2,138,413

$1,212,787

Financials as of: 01/03/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NYCE 04/30/2023 Wefunder $125,000,000 $193,429 SAFE Active RegCF
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 2023
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Platform: Wefunder
Security Type: SAFE
Valuation: $125,000,000
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