SoMee

SoMee

Closed: Apr. 2022

About this raise

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.

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Investment Overview

Invested this round: $378,157

Deal Terms

Total 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

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$18,700,000

Discount

20%

Company & Team

Company

Year Founded
2013
Industry
Business Services, Software, & Applications
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Aloha, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Christopher Kramer
Title
CEO

Financials

 Revenue +109% YoY
$584,727
 Monthly Burn
Profitable
 Cash on Hand
$34,727
Gross Margin
91%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2022 Republic $18,700,000 $378,157 SAFE Funded RegCF
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SoMee on Wefunder 2021
Platform: Republic
Security Type: SAFE
Valuation: $18,700,000

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Warning: according to the close date for this deal, SoMee may no longer be accepting investments.

SoMee Deal Report

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