Propeller

Growth Stage

A digital marketing platform creating social impact at scale

Analytics

Raised to Date: 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
likely
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

Business Type

High Growth

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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Propeller on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,021,131

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