Upbounders

Upbounders

Closed: Nov. 2022

About this raise

Upbounders is raising funds on SMBX. The company makes high-quality screen-free toys for kids. The premium puzzles and games of Upbounders feature original artwork and are made with non-toxic inks and FSC-certified paper that is environment-friendly, socially responsible, and economically viable. The products of Upbounders represent cultural and ethnic differences accurately and clearly and are sold at Nordstrom, Target, Camp Stores, Amazon, and Maisonette. Kemi Tignor founded Upbounders in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for advertising, refinancing debt, and working capital.

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Investment Overview

Invested this round: $200,000

Deal Terms

Total Commitments

Platform
SMBX
Start Date
09/15/2022
Close Date
11/29/2022
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

9.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Washington, District of Columbia
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Kemi Tignor
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
Profitable
 Cash on Hand
$17,855
 Gross Margin
57%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$577,758

$334,814

COGS

$247,083

$84,195

Tax

$0

$0

 

 

Net Income

$150,012

$28,569

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,855

$11,055

Accounts Receivable

$103,609

$44,698

Total Assets

$153,459

$61,686

Short-Term Debt

$74,622

$60,840

Long-Term Debt

$58,755

$38,302

Total Liabilities

$133,377

$99,142

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/29/2022 SMBX - $200,000 Debt Funded RegCF
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Add to portfolio
Upbounders on SMBX 2022
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Upbounders may no longer be accepting investments.

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