Zoop

About this raise

Zoop, with a valuation of $6 million, is raising funds on Republic. It is a crowdfunding platform for creators and publishers. Zoop provides creators and companies the crowdfunding support from start to finish, including marketing, campaign management, production and manufacturing, fulfillment, finance, technology, and project management. The platform has 22,000 registered users, 25,000 transactions, and a 25% repeat customer purchase. Jordan Plosky, Eric Moss, and Marvin Osswald founded Zoop in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, operations, business development, sales and client acquisition, marketing and customer acquisition, licensing, and general working capital.

Investment Overview

Invested this round: $132,346

Deal Terms
Company & Team

Total Commitments

Platform: Republic
Start Date: 03/14/2024
Close Date: 06/12/2024

Min. Goal
$50,000

Max Goal
$1,235,000

Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF

Early Bird Val. Cap

$5,100,000

Valuation Cap

$6,000,000

Discount

Company

Year Founded: 2020
Industry: Arts & Crafts
Tech Sector: MarketplaceTech
Distribution Model: B2B/B2C
Margin: High
Capital Intensity: Low
Location: Los Angeles, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 5
Prior Founder Exits?: Yes

Founder Name: Jordan Plosky
Title: Co-Founder and CEO

Founder Name: Eric Moss
Title: COO

Founder Name: Marvin Osswald
Title: CTO

Financials

as of Fiscal Year 2023

Revenue +28% YoY: $141,226
Monthly Burn: $24,000
Runway: 7.8 months
Gross Margin: 86%

View Detailed Financials

Summary Profit and Loss Statement

	FY 2023	FY 2022
Revenue	$141,226	$110,559
COGS	$19,203	$5,163
Tax	$0	$0


Net Income	$-92,066	$-1,598

Summary Balance Sheet

	FY 2023	FY 2022
Cash	$366,495	$366,071
Accounts Receivable	$0	$0
Total Assets	$367,732	$366,071
Short-Term Debt	$483,314	$414,587
Long-Term Debt	$0	$0
Total Liabilities	$483,314	$414,587

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Ratings

Company Funding & Growth

Total Prior Capital Raised: $74,927
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
06/12/2024	Republic	$6,000,000	$132,346	SAFE	Funded	RegCF

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View on Republic

SAFE, $6M • Closed

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3 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Zoop

Zoop

About this raise