Propeller
Growth Stage
A digital marketing platform creating social impact at scale
Analytics
Raised: $119,401
Aggregate Commitments $
Platform
Wefunder
Start Date
04/22/2022
Close Date
04/30/2023
Min. Goal
$50,001
Max. Goal
$990,902
Min. Investment
$250
Security Type
Equity - Preferred
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$2.54
Pre-Money Valuation
$10,021,131
Rolling Commitments $
Status
Active
Reporting Date
05/26/2022
Days Remaining
339
% of Min. Goal
239%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$3,512
Momentum
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Location
Venice, California
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Propeller, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a social marketing platform to create social impact at scale. The platform taps into the culture to drive action and advocates for causes that people are fired up about. The digital marketing platform of Propeller is community funded and helps build movements for change. Propeller has generated $3.1 million in revenue to date, with a 400% increase in revenue from 2021 to 2022. Brandon Deroche founded Propeller in August 2015. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $990,902. The campaign proceeds will be used for platform improvements, technology development, staffing, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,033,046 |
$562,124 |
|
COGS |
$69,111 |
$10,662 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-69,660 |
$-45,666 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$295,737 |
$107,454 |
|
Accounts Receivable |
$5,750 |
$50,294 |
|
Total Assets |
$386,379 |
$253,020 |
|
Short-Term Debt |
$73,865 |
$91,686 |
|
Long-Term Debt |
$499,900 |
$275,361 |
|
Total Liabilities |
$573,765 |
$367,047 |
Financials as of: 04/22/2022
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