SangCash

SangCash

Early Stage

We get venues back on their feet and pay songwriters faster and more money

We get venues back on their feet and pay songwriters faster and more money

Overview

Raised to Date: Raised: $19,800

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/18/2022

Close Date

04/13/2023

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%

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

Location

Nashville, Tennessee

Business Type

Growth

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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SangCash on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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

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