Sparo

Sparo

Early Stage

Purchase with a Purpose

Purchase with a Purpose

Overview

Raised to Date: Raised: $2,093

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/29/2022

Close Date

09/27/2022

Min. Goal
$9,994
Max. Goal
$1,069,997
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.06

Pre-Money Valuation

$17,693,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

09/26/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$24

# of Investors

3

Momentum
Not Funded
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Year Founded

2022

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

Mclean, Virginia

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: 06/29/2022
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Sparo on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,693,000
Price per Share: $8.06

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