SupChina
Early Stage
The Omni-Platform Covering China Without Fear or Favour
Analytics
Raised: $695,117
Aggregate Commitments $
Platform
Dalmore Group
Start Date
10/26/2021
Close Date
04/28/2022
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment
$1,000
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Pre-Money Valuation
$45,000,000
Rolling Commitments $
Status
Active
Reporting Date
12/05/2021
Days Remaining
144
% of Min. Goal
2,780%
% of Max. Goal
14%
Likelihood of Max
Avg. Daily Raise
$17,378
Momentum
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Location
New York, New York
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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: 10/26/2021
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