Pocket Properties
Early Stage
"The NYSE for Real Estate!"
Overview
Raised: $60,377
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/19/2021
Close Date
04/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$14,000,000
Valuation Cap
$15,000,000
Discount
7%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$272
# of Investors
197
Momentum
Funded
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Year Founded
2021
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Pocket Properties, with a valuation of $15 million, is raising funds on Wefunder. The company has developed an app that allows investors to buy, sell, or trade fractional shares of real estate. The solution is democratizing real estate investing and making it more accessible, low-cost, and revolutionary. Pocket Properties is powered by blockchain technology and is on pace to launch its alpha in the fall of 2021. Chris Rumper founded Pocket Properties in June 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, product development, and operational expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$26,583 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/19/2021
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