Oplign

Oplign

Closed: Nov. 2023

About this raise

Oplign is raising funds on Folla Capital. Oplign’s mission is to fully optimize the veteran employment market for all vets and all companies. The have helped over 100,000 Vets find employment opportunities in the past two years. Oplign has help dozens of companies, from Fortune 100s to SDVOSBs find, fix and hire highly qualified Vets automatically. Oplign was founded in 2017 and is led by Mike Gross and John Mass.The current crowdfunding campaign has a minimum target of 350,000 and a maximum target of $800,000. The campaign proceeds will be used for sales and marketing, operations, engineering and databases, SDK accelerate, UX/UI and a pilot program.

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Investment Overview

Invested this round: $543,000

Deal Terms

Total Commitments

Platform
Folla Capital
Start Date
12/23/2022
Close Date
11/18/2023
Min. Goal
$350,000
Max Goal
$800,000
Min. Investment

$1,000

Security Type

Revenue Share

Payment Schedule

Bi-annually

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.80X

Rev. Share %

10.00%

Company & Team

Company

Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Norfolk, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Michael Grow
Title
CEO
Founder Name
Jeff Gibson
Title
COO
Founder Name
Brian Halstead
Title
SVP
Founder Name
Alex Calfee
Title
EVP
Founder Name
John Mass
Title
CTO

Financials

 Revenue
$119,614
as of FY2021
 Cash on Hand
$14,475
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$119,614

$0

COGS

$0

$0

Tax

$-229,375

$-34,500

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$14,475

$1,024

Accounts Receivable

$43,533

$0

Total Assets

$58,008

$1,024

Short-Term Debt

$80,575

$15,000

Long-Term Debt

$26,000

$156,599

Total Liabilities

$106,575

$171,599

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/18/2023 Folla Capital - $543,000 Revenue Share Funded RegCF
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Add to portfolio
Oplign on Folla Capital
Platform: Folla Capital
Security Type: Revenue Share

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