Project Transcend

Project Transcend

Early Stage

Legacy Redefined. Social Media Reimagined.

Legacy Redefined. Social Media Reimagined.

Overview

Raised to Date: Raised: $55,228

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/11/2022

Close Date

02/06/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$149

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.32

Pre-Money Valuation

$14,520,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/27/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$969

# of Investors

35

Momentum
Funded
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Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Raleigh, North Carolina

Business Type

Growth

Project Transcend, with a valuation of $14.52 million, is raising funds on StartEngine. It is a social media platform that encourages users to capture authentic moments and share meaningful memories. The platform does not aim to create content for likes, clicks, and mass engagement but to capture life’s stories and the legacies of people. Project Transcend is in the pre-revenue and beta-testing stages and plans to launch in the market soon. Matthew Phillips founded Project Transcend in February 2019. The current crowdfunding campaign has a minimum target of $10,000.32 and a maximum target of $1.24 million. The campaign proceeds will be used to add more features and functionalities, scale the technical team, and launch the 1.0 version.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-297,332

$-78,893

Summary Balance Sheet

FY 2021 FY 2020

Cash

$54,825

$37,382

Accounts Receivable

$0

$0

Total Assets

$54,825

$37,382

Short-Term Debt

$66,936

$2,161

Long-Term Debt

$754,500

$504,500

Total Liabilities

$821,436

$506,661

Financials as of: 12/11/2022
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Project Transcend on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $14,520,000
Price per Share: $1.32

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