Ujama
[Closed for Investment] 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.
Investment Overview
Raised: $59,300
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 09/08/2022
- Close Date
- 12/15/2022
$50,000
$107,000
$100
SAFE
Pre-Seed
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $624,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/15/2022 | Wefunder | $10,000,000 | $59,300 | SAFE | Funded | RegCF |