TaskCause

TaskCause

[Closed for Investment] TaskCause, with a valuation cap of $3 million, is raising crowdfunding on Wefunder. The company is a new way for non-profit organizations to reach their local communities. The supporters of the NGOs get an opportunity to give back through Giving by Doing with TaskCause. They get to give their time and skills to their friends by helping them with their tasks and, thus, raise awareness and funds for their non-profit cause. TaskCause was founded by Sang Nam in 2019 and has raised more than $200,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $250,000, will be used to continue the development of the app, hire a salesperson, and pay for other business expenses. TaskCause is bringing an innovative change in the community by allowing volunteers to make a difference on their own terms.

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Investment Overview

Raised this Round: Raised: $19,852

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
06/12/2020
Close Date
12/02/2020
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Milwaukee, Wisconsin
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Khaled Salem
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$10,752
 Runway
0.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$1,506

$0

 

 

Net Income

$-129,023

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,986

$0

Accounts Receivable

$0

$0

Total Assets

$4,986

$0

Short-Term Debt

$3,809

$0

Long-Term Debt

$0

$0

Total Liabilities

$3,809

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/02/2020 Wefunder $2,500,000 $19,852 SAFE Not Funded RegCF
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TaskCause on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $2,500,000

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Warning: according to the close date for this deal, TaskCause may no longer be accepting investments.

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