Sparo

Sparo

Closed: Sep. 2022

About this raise

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.

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Investment Overview

Not Funded: $2,093

Deal Terms

Total 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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.06

Pre-Money Valuation

$17,693,000

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Rob Sobhani
Title
CEO/President/Secretary & Treasurer

Financials

 Revenue
$0
 Monthly Burn
$21,907
 Runway
13.5 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$250,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/27/2022 StartEngine $17,693,000 $2,093 Equity - Common Not Funded RegCF
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Add to portfolio
Sparo on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,693,000
Price per Share: $8.06

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Follow Sparo on StartEngine 2022

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

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