The Canvas
About this raise
The Canvas, with a valuation of $20 million, is raising funds on StartEngine. The company provides independent brands with access to premium retail spaces in prime locations. The Canvas supports emerging entrepreneurs and designers and addresses real estate vacancies to foster a dynamic ecosystem. The business currently has over 140 active brands and six spaces globally and generates revenue through retail sales, memberships, and brand collaborations. Devin Gilmartin founded The Canvas in June 2019. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, company employment, and working capital.
Investment Overview
Committed : $47,435
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/21/2025
- Close Date
- 07/17/2025
$124,000
$1,235,000
$250
Convertible Note
Growth Stage
RegCF
$20,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Retail Shops & Department Stores
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -10.6% YoY
-
$1,065,539
as of FY2024
- Monthly Burn
-
$138,000
as of Mar '25
-
Runway
-
0.4 months
as of Mar '25
- Gross Margin
-
44%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,042,800
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/17/2025 | StartEngine | $20,000,000 | $47,435 | Convertible Note | Active | RegCF |