Volcanic Retail

Volcanic Retail

Growth Stage

Revolutionizing retail by streamlining two-way communication for brands & stores

Revolutionizing retail by streamlining two-way communication for brands & stores

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

07/03/2024

Close Date

12/31/2024

Min. Goal
$50,002
Max. Goal
$4,999,999
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$58,127,595

Discount

0%

Year Founded

2020

Industry

Retail Shops & Department Stores

Tech Sector

Retailtech

Location

PROVO, Utah

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.

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

Financials as of: 07/03/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Volcanic Retail 12/30/2024 Mr. Crowd $58,127,595 $0 SAFE Active RegCF
Volcanic Retail 09/18/2023 Wefunder $29,800,000 $185,400 SAFE Funded RegCF
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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

Funding data not publicly available

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

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