Ujama
Early Stage
Farmers’ Market App
Overview
Raised: $59,300
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/07/2022
Close Date
12/15/2022
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$605
# of Investors
57
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Ujama, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a farmers’ market app that spreads the goodness of farmers’ markets to the world. The app, Soko, is modernizing farmers’ markets by helping them grow with the use of technology. Soko enables users to discover farmers’ markets near them, follow their favorite vendors, skip the lines, and make electronic payments. Hugh Molotsi founded Ujama in March 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for app development, marketing, and business development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$-5,141 |
$-7,082 |
| ||
| ||
|
Net Income |
$-159,837 |
$-132,419 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,328 |
$81,207 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$48,674 |
$103,412 |
|
Short-Term Debt |
$75,908 |
$75,808 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$75,908 |
$75,808 |
Financials as of: 09/07/2022
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