Raindrop Texting Solutions

Raindrop Texting Solutions

Closed: Mar. 2022

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.

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Investment Overview

Not Funded: $3,300

Deal Terms

Total Commitments ($USD)

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

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
High
Capital Intensity
Location
Cedar Hills, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Founder Name
Deborah Dahl
Title
CEO

Financials

 Revenue +15% YoY
$38,620
 Monthly Burn
$406
 Runway
4 months
Gross Margin
49%

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

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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
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Add to portfolio
Raindrop Texting Solutions on TruCrowd
Platform: truCrowd
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $5.00

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Warning: according to the close date for this deal, Raindrop Texting Solutions may no longer be accepting investments.

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