SupChina

Growth Stage

The Omni-Platform Covering China Without Fear or Favour

Overview

Raised to Date: Raised: $332,500

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/02/2022

Close Date

04/30/2023

Min. Goal

$50,002

Max. Goal

$3,499,998

Min. Investment

$500

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$2.54

Pre-Money Valuation

$41,453,216

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

665%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,451

# of Investors

8

Momentum
cold.svg
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Location

New York, New York

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

SupChina, with a valuation of $41.5 million, is raising funds on Wefunder. 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 subscription revenue growth over the past three years, an 86% subscription renewal rate, and over 3 million monthly web, social, and video audiences. Anla Cheng founded SupChina in August 2015. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $3.5 million. The campaign proceeds will be used for content, data and analytics, sales and marketing, technology and product development, and general admin expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,078,197

$531,220

COGS

$18,876

$15,885

Tax

$0

$0

 

 

Net Income

$-1,133,057

$-1,595,499

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$934,954

$303,707

Accounts Receivable

$7,364

$90

Total Assets

$948,054

$310,163

Short-Term Debt

$2,079,171

$2,351,474

Long-Term Debt

$6,398,763

$5,159,303

Total Liabilities

$8,477,934

$7,510,777

Financials as of: 12/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SupChina 04/30/2023 Wefunder $41,453,216 $332,500 Equity - Common Active RegCF
SupChina 04/30/2022 Dalmore Group $45,000,000 $1,466,814 Equity - Common Funded RegCF
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SupChina on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Common
Valuation: $41,453,216
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