SangCash
Early Stage
We get venues back on their feet and pay songwriters faster and more money
Overview
Raised: $19,800
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/18/2022
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
Early Bird Val. Cap
$2,000,000
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$112
# of Investors
22
Momentum
Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 10/18/2022
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