Upbounders
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.
Investment Overview
Invested : $200,000
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 09/15/2022
- Close Date
- 11/29/2022
$50,000
$250,000
$10
Debt
Monthly
RegCF
9.50%
5.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $0
- Monthly Burn
- Profitable
-
Cash on Hand
- $17,855
- Gross Margin
- 57%
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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 |