Yocal

Yocal

Closed: Apr. 2022

About this raise

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.

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Investment Overview

Invested this round: $57,650

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
12/23/2021
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    Open SEC Filing

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Marketing & Advertising
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Burlington, Wyoming
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
Yes
Founder Name
David Loveland
Title
CEO
Founder Name
Robert L. Johnson
Title
Chief Evangelist

Financials

 Revenue
$0
 Monthly Burn
$6,230
 Runway
3.2 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/21/2022 Wefunder $10,000,000 $57,650 SAFE Funded RegCF
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Add to portfolio
Yocal on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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Follow Yocal on Wefunder 2021

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

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