Sway
Business Support Services
Overview
Raised: $21,410
Total Commitments ($USD)
Platform
SMBX
Start Date
11/27/2023
Close Date
01/09/2024
Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$510
Momentum
Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Sway is raising funds on SMBX. It is a B2B marketplace that helps companies create better events for their teams. Sway has a network of high-quality vendors, beautiful venues, and other experiences that make it stand out. It is a leading event provider that hosts hundreds of events per year and offers meaningful service to the community. Adam Goldstein founded Sway in May 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $100,000. The campaign proceeds will be used for staffing, marketing, working capital, and infrastructure improvements.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$129,390 |
$3,370 |
|
COGS |
$27,917 |
$8,097 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-38,453 |
$-45,773 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$22,846 |
$4,424 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$68,176 |
$27,274 |
|
Short-Term Debt |
$11,202 |
$6,848 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$11,202 |
$6,848 |
Financials as of: 11/27/2023
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