Ujama

Early Stage

Farmers’ Market App

Analytics

Raised to Date: Raised: $60,000

Aggregate Commitments $

Platform

Wefunder

Start Date

09/08/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

10/05/2022

Days Remaining

207

% of Min. Goal

120%

% of Max. Goal

56%

Likelihood of Max
extremely
Avg. Daily Raise

$2,222

# of Investors

52

Momentum
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Location

Cupertino, California

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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: 09/08/2022
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Ujama on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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