TaxDrop
Early Stage
Your taxes, right to a CPA from your phone
Overview
Raised: $69,850
Platform
Republic
Start Date
08/25/2017
Close Date
11/01/2017
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Location
Robbinsville, New Jersey
TaxDrop, with a valuation of $8 million, is raising funds on Republic. The company has developed an app that connects users to licensed CPAs who prepare their tax returns. TaxDrop enables users to click pictures of their tax documents and upload them for CPAs to receive them and file the returns. The company is led by an experienced team and was selected by TechCrunch Disrupt NYC 2017. Alice Cheng founded TaxDrop in July 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketing, research and development, future wages, and working capital.
Summary Profit and Loss Statement
| FY 2016 | FY 2015 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-32,827 |
$0 |
Summary Balance Sheet
| FY 2016 | FY 2015 | |
|---|---|---|
|
Cash |
$2,275 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,903 |
$0 |
|
Short-Term Debt |
$11,222 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$11,222 |
$0 |
Financials as of: 08/25/2017
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| TaxDrop | 11/01/2017 | Republic | - | $69,850 | SAFE | Funded | RegCF |
No prior online funding rounds.
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