PromoShare
Early Stage
PromoShare is an enterprise ambassador solution that allows sports teams and major live event producers to manage and scale their communities of ambassadors.
Overview
Raised: $16,419
Total Commitments ($USD)
Platform
Netcapital
Start Date
03/11/2020
Close Date
01/29/2021
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$3,188,422
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$51
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
PromoShare, with a post-money valuation of $3.29 million, is raising funds on NetCapital. The company assists live event producers and sports teams to manage their ambassadors throughout, starting from engagement to conversion. The invite-only ecosystem of PromoShare allows producers to track, manage, and reward local influencers for selling tickets. PromoShare was founded by Ernesto Pedroza, Robert Armband, Julia Fischer, and Raymundo Ginez in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used towards marketing, new team members, hardware, and tech development. The revenue model of PromoShare works through yearly licensing fees and revenue share, in addition to strategic partnerships and micro-influencer campaigns.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$208,018 |
$0 |
|
COGS |
$65,045 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$130 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,789 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$100,937 |
$0 |
|
Short-Term Debt |
$807 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$807 |
$0 |
Financials as of: 03/11/2020
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