Raindrop Texting Solutions
About this raise
Raindrop Texting Solutions, with a pre-money valuation of $5 million, is raising funds on TruCrowd. It is a mobile texting company serving the conservative market. Raindrop Texting Solutions provides text messaging, text polling, and text fundraising services as powerful texting tools to engage supporters, gain feedback, and generate funds. Deborah Dahl and Mike Brown founded Raindrop Texting Solutions in 2017. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $500,000, and the proceeds will be used for marketing, hiring, business development, and general operating capital. Raindrop Texting Solutions has multiple revenue streams and reported a 255% revenue growth over the last two years.
Investment Overview
Not Funded: $3,300
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
Financials
- Revenue +15% YoY
- $38,620
- Monthly Burn
- $406
-
Runway
- 4 months
- Gross Margin
- 49%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/04/2022 | truCrowd | $5,000,000 | $3,300 | Equity - Common | Not Funded | RegCF |