Raindrop Texting Solutions

Early Stage

Fund Freedom

Analytics

Raised to Date: Raised: $3,300

Aggregate Commitments $

Platform

TruCrowd

Start Date

10/14/2020

Close Date

03/04/2022

Min. Goal

$10,000

Max. Goal

$500,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Pre-Money Valuation

$5,000,000

Rolling Commitments $

Status
Not Funded
Reporting Date

03/06/2022

Days Remaining
Not Funded
% of Min. Goal

33%

% of Max. Goal

1%

Likelihood of Max
Not Funded
Avg. Daily Raise

$7

Momentum
Not Funded
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Location

Cedar Hills, Utah

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$38,620

$33,641

COGS

$-19,644

$-22,616

Tax

$0

$0

 

 

Net Income

$-4,867

$-7,495

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,607

$5,130

Accounts Receivable

$0

$0

Total Assets

$1,607

$5,130

Short-Term Debt

$31,876

$30,532

Long-Term Debt

$0

$0

Total Liabilities

$31,876

$30,532

Financials as of: 10/14/2020
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Raindrop Texting Solutions on TruCrowd
$
Platform: TruCrowd
Security Type: Equity - Common
Valuation: $5,000,000

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