NYCE

NYCE

Growth Stage

Own a piece of the skyline—and join a community of future millionaires

Own a piece of the skyline—and join a community of future millionaires

Overview

Raised to Date: Raised: $535,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/14/2021

Close Date

09/13/2021

Min. Goal
$50,000
Max. Goal
$535,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$50,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2021

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

$8,917

# of Investors

4,566

Momentum
Funded
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Year Founded

2020

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

NYCE, with a pre-money valuation of $50 million, is raising crowdfunding on Wefunder. The company owns, develops, and operates apartment buildings in NYC Metro, Philadelphia, and Washington DC and allows women and millennials of color to own a part of real estate portfolios. NYCE aims to bring over 100,000 millennials to co-own real estate with them and build wealth for the generation. NYCE was founded by Philip Michael and Martin Braithwaite in January 2020 and raised over $1 million in the previous round of crowdfunding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $535,000, and the funds will be used towards marketing, business operations, liquidity, and general use. NYCE has launched its app, Robinhood of real estate, and has over 175,000 users across community members, subscribers, and investors.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,340,296

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-115,755

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$467,961

$0

Accounts Receivable

$0

$0

Total Assets

$7,566,890

$0

Short-Term Debt

$1,212,787

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,212,787

$0

Financials as of: 07/14/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NYCE 02/27/2023 Wefunder $125,000,000 $328,817 SAFE Funded RegCF
NYCE 09/12/2021 Wefunder $50,000,000 $535,000 Equity - Preferred Funded RegCF
NYCE 07/30/2020 Wefunder $25,000,000 $727,175 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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NYCE on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,000,000
Price per Share: $5.00

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