Yocal
Early Stage
Yocal helps local businesses compete with the marketing of their corporate & franchised competition
Overview
Raised: $57,650
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/22/2021
Close Date
04/21/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$484
# of Investors
92
Momentum
Funded
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Year Founded
2020
Industry
Marketing & Advertising
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Yocal, with a valuation of $10 million, is raising funds on Wefunder. The company brings local businesses together to compete with the marketing strategies of their corporate and franchises competitors. The single platform of Yocal brings powerful and proven marketing tools and tactics that can be implemented at scale across entire cities. Yocal launched its movement marketing machine campaign in 68 cities in the first year of operations and has been featured on different news stations in seven different cities. David Loveland and Robert L. Johnson founded Yocal in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, R&D, hiring, and operations support.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$19 |
$0 |
|
COGS |
$95 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-74,762 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,120 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$20,120 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$94,882 |
$0 |
|
Total Liabilities |
$94,882 |
$0 |
Financials as of: 12/22/2021
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