Ujama

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.

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Investment Overview

Raised this Round: Raised: $59,300

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/08/2022
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    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Cupertino, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Hugh Molotsi
Title
Chief Executive Offer

Financials

 Revenue
$0
 Monthly Burn
$13,320
 Runway
1.6 months

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

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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
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Add to portfolio
Ujama on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Follow Ujama on Wefunder 2022

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