Volcanic Retail

Volcanic Retail


About this raise: Volcanic Retail, with a valuation of $58.1 million, is raising funds on Mr. Crowd. The company has developed a platform to streamline two-way communication between brands and retailers. Volcanic Retail’s two-way messaging system fosters discovery and connections wherein brands get to market faster, and buyers get to review and compare prices and quality. The platform’s business model generates multiple revenue streams and ensures stability and scalability in the retail landscape. Jeremy Osmond Brockbank founded Volcanic Retail in May 2020. The current crowdfunding campaign has a minimum target of $50,001.80 and a maximum target of $5 million. The campaign proceeds will be used for product development, marketing and sales, operational costs, technology infrastructure, administrative expenses, and working capital.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Mr. Crowd
Start Date
07/04/2024
Close Date
04/30/2025
Min. Goal
$50,002
Max. Goal
$4,999,999
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$58,127,595

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Retail Shops & Department Stores
Tech Sector
Retailtech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
PROVO, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Jeremy Brockbank
Title
CEO and Chairman

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$81,750
 Monthly Burn
$144,352
 Runway
0.9 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$81,750

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,732,224

$-1,014,437

Summary Balance Sheet

FY 2023 FY 2022

Cash

$126,295

$54,761

Accounts Receivable

$7,500

$0

Total Assets

$1,248,688

$918,699

Short-Term Debt

$2,026,163

$1,160,983

Long-Term Debt

$944,496

$300,000

Total Liabilities

$2,970,659

$1,460,983

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,800,400
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Mr. Crowd $58,127,595 $0 SAFE Not Funded RegCF
09/19/2023 Wefunder $29,800,000 $185,400 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Volcanic Retail on Mr. Crowd 2024
Platform: Mr. Crowd
Security Type: SAFE
Valuation: $58,127,595

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Follow Volcanic Retail on Mr. Crowd 2024

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Warning: according to the close date for this deal, Volcanic Retail may no longer be accepting investments.

Volcanic Retail Deal Report

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