SpongeBath
Sponge holder with patented cleaning technology that sanitizes kitchen sponges
Overview
Raised: $64,800
Total Commitments ($USD)
Republic
01/31/2023
04/30/2023
$150
SAFE
Seed
RegCF
$10,000,000
0%
Rolling Commitments ($USD)
04/30/2023
$736
99
2013
Consumer Products, Goods & Services
Non-Tech
B2C
High
Low
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$353,500 |
$140,057 |
|
COGS |
$74,372 |
$45,758 |
|
Tax |
$10,113 |
$3,205 |
| ||
| ||
|
Net Income |
$-63,802 |
$-103,193 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$34,940 |
$108,021 |
|
Accounts Receivable |
$2,086 |
$4,641 |
|
Total Assets |
$111,990 |
$193,350 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$137,510 |
$155,068 |
|
Total Liabilities |
$137,510 |
$155,068 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| SpongeBath | 04/29/2023 | Republic | $10,000,000 | $64,800 | SAFE | Funded | RegCF |
| SpongeBath | 03/07/2019 | SeedInvest | $5,000,000 | $24,000 | Convertible Note | Not Funded | RegCF / RegD 506(c) |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Employee History
Upgrade to gain access
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
