SupChina

SupChina

Early Stage

The Omni-Platform Covering China Without Fear or Favour

The Omni-Platform Covering China Without Fear or Favour

Overview

Raised to Date: Raised: $1,466,814

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

10/25/2021

Close Date

04/30/2022

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.80

Pre-Money Valuation

$45,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$7,886

# of Investors

203

Momentum
Funded
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Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

New York, New York

Business Type

Growth

Company Website

SupChina, with a valuation of $45 million, is raising funds on Dalmore Group. It is a multimedia and business platform that helps the world understand China better by covering all the news about the country. The Omni-platform covers China without fear or favor and lets the world know about its business, culture, politics, and society. SupChina reported a 55% year-over-year paid subscriber growth, 86% subscription renewal rate, and over 2 million monthly audiences for web, social, and video. Anla Cheng founded SupChina in August 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for sales and marketing, editorial, and product launches.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$531,220

$503,288

COGS

$15,885

$80,068

Tax

$951

$4,793

 

 

Net Income

$-1,595,499

$-1,613,480

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$303,707

$294,535

Accounts Receivable

$90

$90

Total Assets

$310,163

$301,906

Short-Term Debt

$2,351,473

$1,501,654

Long-Term Debt

$5,159,303

$4,405,366

Total Liabilities

$7,510,776

$5,907,020
Financials as of: 10/25/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The China Project 10/31/2023 Wefunder $41,453,216 $995,688 Equity - Common Funded RegCF
SupChina 04/29/2022 Dalmore Group $45,000,000 $1,466,814 Equity - Common Funded RegCF
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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

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SupChina on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $45,000,000
Price per Share: $2.80

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