Scrapp

Early Stage

A mission-led platform helping people to recycle right & protect the planet

Analytics

Raised to Date: Raised: $102,585

Aggregate Commitments $

Platform

Wefunder

Start Date

10/25/2021

Close Date

02/26/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

83

% of Min. Goal

205%

% of Max. Goal

41%

Likelihood of Max
likely
Avg. Daily Raise

$2,502

Momentum
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Location

Burlington, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 10/25/2021
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Scrapp on Wefunder 2021
$
Platform: Wefunder
Security Type: SAFE
Valuation: $4,000,000

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