Volcanic Retail

Volcanic Retail

Early Stage

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

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

Overview

Raised to Date: Raised: $185,400

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/24/2023

Close Date

09/18/2023

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$200

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$26,820,000

Valuation Cap

$29,800,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,585

# of Investors

68

Momentum
Funded
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Year Founded

2020

Industry

Retail Shops & Department Stores

Tech Sector

Retailtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

PROVO, Utah

Business Type

High Growth

Volcanic Retail, with a valuation of $29.8 million, is raising funds on Wefunder. The company has developed a platform to streamline two-way communication between brands and retailers. The two-way messaging system fosters discovery and connections wherein brands get to market faster, and buyers get to review and compare price and quality. Volcanic Retail already features over 160,000 brands and has 6,000 registrations. Jeremy Brockbank founded Volcanic Retail in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for completing the development of the influencer portal, sales and marketing, research and development, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,014,437

$-1,730,634

Summary Balance Sheet

FY 2022 FY 2021

Cash

$54,761

$36,924

Accounts Receivable

$0

$0

Total Assets

$918,699

$670,572

Short-Term Debt

$1,160,983

$498,417

Long-Term Debt

$300,000

$200,000

Total Liabilities

$1,460,983

$698,417

Financials as of: 05/24/2023
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Volcanic Retail on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $29,800,000

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

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