PoliticalBank

PoliticalBank

Closed: Jul. 2019

About this raise

PoliticalBank, with a valuation cap of $4 million, is raising funds on MicroVentures. The platform of PoliticalBank allows political candidates to engage with their constituents and automates their campaign process. PoliticalBank can be used by the candidates to fundraise, rally support, and communicate their opinion. The users can subscribe and receive updates on campaigns or volunteer for them. PoliticalBank was founded by Adam H. Berry, Frank Short, and Jeff Mitchell and has raised about $900,000 in previous rounds of funding. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $107,000 and the proceeds will be used to market the website and products, to support the development of technology, and to repay debt. PoliticalBank has managed to generate about $212,000 in revenues in 2018 and has provided services to 190 candidates.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Microventures
Start Date
05/16/2019
Close Date
07/22/2019
Min. Goal
$25,000
Max Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

0%

Company & Team

Company

Year Founded
2015
Industry
Government Services
Tech Sector
Distribution Model
B2B
Margin
Capital Intensity
Location
Carmel, Indiana
Company Website
Visit Website

Team

Employees
2

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/22/2019 Microventures $4,000,000 $0 Convertible Note Not Funded RegCF
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PoliticalBank on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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Warning: according to the close date for this deal, PoliticalBank may no longer be accepting investments.

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