SangCash

SangCash

Closed: Apr. 2023

About this raise

SangCash, with a valuation of $2.5 million, is raising funds on Wefunder. The company has developed a platform for music venues to save money and for songwriters to get paid faster. The payment platform enables music venues to manage expensive and inefficient licenses, save money, recognize songs and songwriters, and pay out royalties. SangCash has won several awards and has partnered with the National Independent Venue Association. Stephen P DeGrazia founded SangCash in August 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $124,000. The campaign proceeds will be used for partnerships, taxes and administration, and sales and marketing.

Expand

Investment Overview

Invested this round: $19,800

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/19/2022
Close Date
04/14/2023
Min. Goal
$15,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,000,000

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Nashville, Tennessee
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Stephen DeGrazia
Title
Founder

Financials

 Revenue
$0
 Monthly Burn
$47
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-566

$-500

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4

$0

Accounts Receivable

$0

$0

Total Assets

$4

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/14/2023 Wefunder $2,500,000 $19,800 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
SangCash on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

Follow company

Follow SangCash on Wefunder 2022

Buy SangCash's Deal Report

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

SangCash Deal Report

Get Kingscrowd's comprehensive report on SangCash including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether SangCash is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the SangCash deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge