SoMee
Early Stage
A Blockchain-Enabled Social Media Platform.
Overview
Raised: $378,157
Total Commitments ($USD)
Platform
Republic
Start Date
12/14/2021
Close Date
04/28/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$18,700,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,822
# of Investors
585
Momentum
Funded
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Year Founded
2013
Industry
Business Services, Software, & Applications
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 12/14/2021
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