SoMee

Early Stage

A Blockchain-Enabled Social Media Platform.

Analytics

Raised to Date: Raised: $378,157

Aggregate Commitments $

Platform

Republic

Start Date

12/15/2021

Close Date

04/28/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$18,700,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

1,513%

% of Max. Goal

35%

Likelihood of Max
Funded
Avg. Daily Raise

$2,822

Momentum
Funded
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Location

Aloha, Oregon

Industry

Business Services, Software, & Applications

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Somee, with a valuation of $18,700,000, is raising funds on Republic. SoMee’s mobile apps streamline the user experience and allow you to be social & earn rewards on the go. It is a blockchain enable application. The company had Ad revenue of $3M in the first year. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$584,727

$279,389

COGS

$53,236

$10,302

Tax

$-89,667

$0

 

 

Net Income

$338,361

$10,233

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$34,727

$22,394

Accounts Receivable

$0

$3,680

Total Assets

$925,528

$355,608

Short-Term Debt

$366,541

$280,852

Long-Term Debt

$145,870

$0

Total Liabilities

$512,411

$280,852

Financials as of: 12/15/2021
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SoMee on Wefunder 2021
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Platform: Republic
Security Type: SAFE
Valuation: $18,700,000

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