Virtual Storefronts by USPACE

Virtual Storefronts by USPACE

Early Stage

2 Out Of 3 Main Street Shops Have No Web Solution, We're Ending That For Good

2 Out Of 3 Main Street Shops Have No Web Solution, We're Ending That For Good

Overview

Raised this Round:
$51,924 - RegCF
$76,924 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/26/2022

Close Date

04/30/2023

Min. Goal
$49,995
Max. Goal
$1,234,995
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$10.00

Early Bird Valuation

$15,000,000

Pre-Money Valuation

$20,000,000

Year Founded

2018

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Andrews, North Carolina

Business Type

Growth

Virtual Storefronts by USPACE, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a platform that enables local businesses to become visible online and appear in local and organic Google results. The target audience of Virtual Storefronts by USPACE includes churches, restaurants, professional services, art organizations, non-profit organizations, and local shops. Virtual Storefronts by USPACE has enabled thousands of dollars of sales at local shops and gives millions of shops access to effortless website solutions. Tobin Brogunier founded Virtual Storefronts by USPACE in May 2018. The current crowdfunding campaign has a minimum target of $49,995 and a maximum target of $1.23 million. The campaign proceeds will be used for product development, marketing, ongoing operations, new operations, and ongoing burn.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$5,299

$6,003

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-103,796

$-125,716

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,144

$4,853

Accounts Receivable

$0

$0

Total Assets

$92,777

$138,788

Short-Term Debt

$81,430

$40,942

Long-Term Debt

$163,875

$146,579

Total Liabilities

$245,305

$187,521

Financials as of: 12/26/2022
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Virtual Storefronts by USPACE on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,000,000
Price per Share: $10.00

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