WhiteFlag
Early Stage
Get support, give support. An anonymous mental health platform.
Overview
Raised: $63,918
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/30/2023
Close Date
11/27/2023
Min. Goal
$14,999
Max. Goal
$1,234,997
Min. Investment
$251
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.48
Pre-Money Valuation
$25,019,501
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
58
% of Min. Goal
426%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$2,062
# of Investors
121
Momentum
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
WhiteFlag, with a valuation of $25.02 million, is raising funds on StartEngine. It is a mental health support app that connects people who struggle with similar mental health challenges. WhiteFlag provides an anonymous peer-to-peer platform that crosses the barriers of social anxiety, accessibility, stigma, and money. The app is available in the market and is currently in the pre-revenue growth stage. Jonathan McCoy, William Howard Jr., and Trent Tinker founded WhiteFlag in April 2021. The current crowdfunding campaign has a minimum target of $14,999.04 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, user acquisition, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,004,272 |
$-876,779 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$53,149 |
$107,493 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$143,568 |
$112,695 |
|
Short-Term Debt |
$219,475 |
$219,475 |
|
Long-Term Debt |
$763,750 |
$0 |
|
Total Liabilities |
$983,225 |
$219,475 |
Financials as of: 08/30/2023
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