The Postage

Early Stage

Digital solution for creating, storing, and updating an end-of-life and estate plan

Analytics

Raised to Date: Raised: $22,865

Aggregate Commitments $

Platform

Microventures

Start Date

11/05/2021

Close Date

04/04/2022

Min. Goal

$50,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

127

% of Min. Goal

46%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$994

Momentum
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Location

Houston, Texas

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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: 11/05/2021
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The Postage on MicroVentures 2021
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $10,000,000

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