Virtual Storefronts by USPACE
Early Stage
2 Out Of 3 Main Street Shops Have No Web Solution, We're Ending That For Good
Overview
$51,924 - RegCF
$76,924 - Total
$76,924 - Total
Total Commitments ($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)
Price Per Share
$10.00
Early Bird Valuation
$15,000,000
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$419
# of Investors
38
Momentum
Funded
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Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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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