The Midas Fund CF

The Midas Fund CF

Open  for investment

About this raise

The Midas Fund CF is raising funds on Rialto Markets. The fund has been formed for the purpose of lending capital exclusively to the affiliates of Acorn Automotive Group. The Midas Fund’s lending of capital to the Acorn Automotive Group will make its affiliates and other entities key Midas franchisees and managers of Midas franchisees. The Midas franchisees will serve as top destinations in the auto care industry for urgent auto repairs and routine maintenance. Matthew Abell founded The Midas Fund in January 2024. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5 million. The campaign proceeds will be used for staff salaries, rent and office expenses, legal and accounting services, business loans, and marketing.

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Investment Overview

Committed this round: $0

Deal Terms

Total Commitments ($USD)

Platform
Rialto Markets
Start Date
05/13/2024
Close Date
04/26/2025
Min. Goal
$500,000
Max Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$500.00

Company & Team

Company

Year Founded
2024
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
Lake Orion, Michigan
Company Website
Visit Website

Team

Funding data not publicly available

Financials

as of Fiscal Year 2024
 Revenue
$0
 Cash on Hand
$1,000

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2024 FY 2023

Cash

$1,000

$0

Accounts Receivable

$0

$0

Total Assets

$1,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/26/2025 Rialto Markets - $0 Equity - Common Active RegCF
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Add to portfolio
The Midas Fund CF on Rialto Markets 2024
Platform: Rialto Markets
Security Type: Equity - Common
Price per Share: $500.00

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Follow The Midas Fund CF on Rialto Markets 2024

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