Scrapp
Early Stage
A mission-led platform helping people to recycle right & protect the planet
Overview
Raised: $107,740
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/24/2021
Close Date
02/26/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$4,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$869
# of Investors
90
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Scrapp, with a valuation of $4 million, is raising funds on Wefunder. The company has developed an app that helps people recycle right and protect the planet. The app provides recycling guidance to the users and makes recycling simple, fun, and rewarding. Scrapp expects to be an UN-certified carbon-neutral business by Summer 2022 and has been invited to exhibit at a national recycling conference by the EPA. Daniel Marek, Evan Gwynne Davies, and Mikey Pasciuto founded Scrapp in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring, growth, R&D, and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$340 |
$0 |
|
Tax |
$613 |
$0 |
| ||
| ||
|
Net Income |
$-5,657 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,405 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,405 |
$0 |
|
Short-Term Debt |
$343 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$343 |
$0 |
Financials as of: 10/24/2021
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