Sparo

Early Stage

Purchase with a Purpose

Analytics

Raised to Date: Raised: $2,093

Aggregate Commitments $

Platform

StartEngine

Start Date

06/30/2022

Close Date

09/27/2022

Min. Goal

$9,994

Max. Goal

$1,069,997

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$8.06

Pre-Money Valuation

$17,693,000

Rolling Commitments $

Status

Active

Reporting Date

08/07/2022

Days Remaining

51

% of Min. Goal

21%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$55

Momentum
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Location

Mclean, Virginia

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Sparo, with a valuation of $17.7 million, is raising funds on StartEngine. The company has developed an e-commerce platform that helps retailers attract customers, build brand loyalty, and increase sales. The platform allows shoppers to choose the cause they care about and donate a portion of the sale to. Sparo is revolutionizing corporate social responsibility and empowering the world to purchase with a purpose. Rob Sobhani founded Sparo in March 2022. The current crowdfunding campaign has a minimum target of $9,994.40 and a maximum target of $1,069,997.24. The campaign proceeds will be used to launch the product and expand its reach by the fourth quarter of 2022.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-262,884

$-144,948

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$294,761

$4,913

Accounts Receivable

$0

$0

Total Assets

$837,332

$373,682

Short-Term Debt

$2,960,719

$2,104,921

Long-Term Debt

$120,737

$250,000

Total Liabilities

$3,081,456

$2,354,921

Financials as of: 06/30/2022
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Sparo on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,693,000

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