The Postage
Early Stage
Digital solution for creating, storing, and updating an end-of-life and estate plan
Overview
Raised: $81,006
Total Commitments ($USD)
Platform
Microventures
Start Date
11/04/2021
Close Date
04/04/2022
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$540
# of Investors
183
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
The Postage, with a valuation of $10 million, is raising funds on MicroVentures. The company has developed a platform to make legacy planning simple and affordable for all. The platform guides users through everything they need to keep their legacy and family organized. It helps in making wills, planning end-of-life, managing passwords, and document storage. The Postage has had over 1,140 users since its beta launch in July 2020. Emily Cisek and Robbie Wright founded The Postage in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, R&D, and general working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$93 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$540,148 |
$10,000 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$384,372 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$390,606 |
$0 |
|
Short-Term Debt |
$5,550 |
$0 |
|
Long-Term Debt |
$935,154 |
$10,000 |
|
Total Liabilities |
$940,704 |
$10,000 |
Financials as of: 11/04/2021
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