VGFIT
Growth Stage
The Future of Subscription Apps
Overview
Raised: $16,818
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/15/2022
Close Date
04/28/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$24,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$391
# of Investors
4
Momentum
Not Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
VGFIT, with a valuation of $24 million, is raising funds on StartEngine. The company deals in creating a concept and designing and developing web applications. The IT developing company has a great passion for iOS, Android, and web development and has been working on mobile platforms of top tech companies. VGFIT has reported over 30 million downloads across the AppStore and Google Play Store and has shown consistent growth in revenue over the past four years. Vladimir Colosov, Valeriu Gutu, Andrei Calugaru, Maxim Calugaru founded VGFIT in June 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, future optimizations, and company growth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,070,695 |
$369,632 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-181,177 |
$-76,866 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,610 |
$13,316 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,002 |
$16,003 |
|
Short-Term Debt |
$170,216 |
$191,040 |
|
Long-Term Debt |
$170,216 |
$191,040 |
|
Total Liabilities |
$340,432 |
$382,080 |
Financials as of: 03/15/2022
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