Pylons
Growth Stage
Mobile blockchain with fiat payments and the free-to-play mechanic that won Web2
Overview
Raised: $35,126
Total Commitments ($USD)
Platform
Republic
Start Date
11/20/2022
Close Date
03/17/2023
Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$303
# of Investors
90
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Pylons, with a valuation of $50 million, is raising funds on Republic. The company has developed a platform to bring Web3 to where the users are and digital ownership to the mainstream web. The Pylons stack includes blockchain, mobile wallet app, SDK, and art minter and has the tools to buy, sell, and trade digital assets. Pylons has a community of over 6,000 across social platforms and supports social cards when sharing and listing assets. Michael Sofaer founded Pylons in May 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used to expand the marketing and business teams and improve the user experience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,444,723 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$136,433 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,345,427 |
$0 |
|
Short-Term Debt |
$5,151 |
$0 |
|
Long-Term Debt |
$2,615,000 |
$0 |
|
Total Liabilities |
$2,620,151 |
$0 |
Financials as of: 11/20/2022
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