Roog

Roog

Early Stage

Discover diverse products and services from underrepresented businesses

Discover diverse products and services from underrepresented businesses

Overview

Raised to Date: Raised: $19,200

Total Commitments ($USD)

Platform

Ignite Social Impact

Start Date

03/29/2022

Close Date

10/30/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/05/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$89

Momentum
Funded
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Dallas, Texas

Business Type

High Growth

Roog is raising funds on Ignite Social Impact. The company has developed a marketplace for shoppers to discover and purchase diverse products and services from underrepresented businesses. The platform allows users to search for underrepresented businesses in their local communities and increase their sales opportunities through mobile orders and purchases. Roog has over 1,000 businesses registered and more than 500 user downloads in the Apple App Store. Brandon Thurman founded Roog in January 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, content development, marketing and sales, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$80,731

$26,106

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$350

$28,608

Accounts Receivable

$0

$0

Total Assets

$61,246

$58,225

Short-Term Debt

$65,523

$10,698

Long-Term Debt

$120,000

$109,000

Total Liabilities

$185,523

$119,698

Financials as of: 03/29/2022
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Roog on Ignite Social Impact 2022
Platform: Ignite Social Impact
Security Type: SAFE

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