Po Campo
Early Stage
Bags as mobile as you
Analytics
Raised: $82,650
Aggregate Commitments $
Platform
Republic
Start Date
12/16/2020
Close Date
04/01/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$150
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$3,500,000
Discount Rate
20%
Rolling Commitments $
Status
Funded
Reporting Date
04/30/2021
Days Remaining
Funded
% of Min. Goal
331%
% of Max. Goal
33%
Likelihood of Max
Funded
Avg. Daily Raise
$780
# of Investors
157
Momentum
Funded
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Location
New York, New York
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Po Campo, with a valuation cap of $3.5 million, is raising funds on Republic. The company makes bags designed using MobilityTech. The technology makes the bags as mobile as possible and allows them to be carried easily on bikes and scooters. The bags of Po Campo come with transitional designs, fabric innovations, smart storage, and functionality. Maria Boustead founded Po Campo in 2009. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $250,000, will be used to increase the product offerings, partner with leading brands, and expand distribution. Po Campo reported a 256% increase in sales with a 176% conversion rate increase in 2019. The business has a gross profit margin of 73.3% and expects the revenues to reach $20 million by 2023.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$217,841 |
$243,051 |
|
COGS |
$131,660 |
$171,515 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-43,009 |
$-11,369 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$30,808 |
$15,244 |
|
Accounts Receivable |
$7,043 |
$4,782 |
|
Total Assets |
$87,845 |
$69,635 |
|
Short-Term Debt |
$70,388 |
$62,896 |
|
Long-Term Debt |
$63,135 |
$28,137 |
|
Total Liabilities |
$133,523 |
$91,033 |
Financials as of: 12/16/2020
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