SmartBlocks
Early Stage
The World's Stock Market for Real Estate
Overview
Raised: $2,050
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/26/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$17,000,000
Valuation Cap
$20,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$33
# of Investors
5
Momentum
Funded
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Year Founded
2023
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
SmartBlocks, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a platform to revolutionize the way people invest in real estate. SmartBlocks is the world’s stock market for real estate, making it accessible, liquid, and efficient using blockchain technology. The company has recently completed the development of the SmartBlocks Exchange Beta and is ready to launch in February 2024. Mark Fidelman founded SmartBlocks in September 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, business development hiring, and development of the Phase 2 platform.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$206,950 |
$0 |
|
Total Liabilities |
$206,950 |
$0 |
Financials as of: 02/26/2024
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