Upstryve
Early Stage
Meet Upstryve - Marketplace for Professional Trades.
Overview
Raised: $106,900
Total Commitments ($USD)
Platform
Fundopolis
Start Date
02/10/2021
Close Date
06/10/2021
Min. Goal
$25,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$898
# of Investors
51
Momentum
Funded
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Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Upstryve, with a $6 million valuation cap, is raising crowdfunding on Fundopolis. It is an online tutoring platform that connects students with industry experts one-on-one. The platform helps aspiring students make a career in engineering, construction, safety, heavy equipment, and trade through focused tutoring. On the other hand, the professionals increase their earnings by tutoring, publishing, and affiliate sales. Evan Levine and Noah Davis founded Upstryve in October 2020. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $249,999. The proceeds of the raise will target the launch of the services for large corporations. Upstryve has been profitable since its launch, with gross margins of 40% and EBITDA margins of 20%.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$156,743 |
$0 |
|
COGS |
$53,487 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$66,137 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$49,137 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$74,137 |
$0 |
|
Short-Term Debt |
$5,500 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,500 |
$0 |
Financials as of: 02/10/2021
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