Vengreso

Vengreso

Early Stage

FlyMSG - Giving You Back 1 Hour Every Day in Productivity!

FlyMSG - Giving You Back 1 Hour Every Day in Productivity!

Overview

Raised to Date: Raised: $148,508

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/24/2022

Close Date

03/23/2023

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$616

# of Investors

153

Momentum
Funded
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Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Walnut Creek, California

Business Type

High Growth

Vengreso, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a text expansion tool called FlyMSG. FlyMSG is used by business owners, entrepreneurs, human resource professionals, and many others to build out messages and deploy them anywhere online. Vengreso is disrupting the productivity management software market and reported a 2,900% user growth in twelve months through word of mouth. Mario Martinez Jr. and Viveka Von Rosen founded Vengreso in April 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, hiring, and technical development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$884,231

$848,734

COGS

$160,963

$131,483

Tax

$0

$0

 

 

Net Income

$350,133

$211,222

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$390,524

$414,028

Accounts Receivable

$96,112

$116,356

Total Assets

$486,636

$530,385

Short-Term Debt

$473,195

$551,326

Long-Term Debt

$659,878

$523,386

Total Liabilities

$1,133,073

$1,074,712

Financials as of: 07/24/2022
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Writing emails, office memos and other work-related content can get tedious. Searching, copying, and pasting takes precious minutes every day that compound into hours every week. Vengreso aims to make this process more efficient with its productivity tool, but its execution leaves something to be desired.

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Add to portfolio
Vengreso on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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Follow Vengreso on Wefunder 2022

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