TaskCause

TaskCause

Early Stage

A new way for nonprofit organizations to reach and serve their communities.

A new way for nonprofit organizations to reach and serve their communities.

Overview

Raised to Date: Raised: $19,852

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/11/2020

Close Date

12/01/2020

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%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/12/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$115

Momentum
Not Funded
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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

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.

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

Financials as of: 06/11/2020
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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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