Mainvest on Republic 2022 – KingsCrowd

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Mainvest on Republic 2022 – KingsCrowd


Valuation Cap

$15,000,000

Reporting Date

11/05/2022

Probability of Max

extremely

Avg. Day by day Elevate

$300,150

Momentum

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Location

Salem, Massachusetts

Trade

Monetary & Insurance coverage Merchandise & Providers

Mainvest, with a valuation of $15 million, is elevating funds on Republic. It’s an funding platform for Essential Avenue that empowers communities to start out, scale, and put money into small companies. The platform empowers small companies to develop and develop by securing capital by leveraging their native communities and in addition offers customers entry to tangible funding alternatives. Mainvest has launched greater than 500 funding alternatives and is on its path to profitability within the second half of 2023. Nicholas Mathews based Mainvest in March 2018. The present crowdfunding marketing campaign has a minimal goal of $25,000 and a most goal of $1.24 million. The marketing campaign proceeds will likely be used for increasing gross sales distribution in three new areas, advertising and marketing, partnerships, and increasing investor social profiles.

Abstract Revenue and Loss Assertion

Income

$497,978

$367,805

COGS

$381,185

$350,496

Tax

$0

$0

 

 

Internet Earnings

$-2,081,237

$-2,541,662

Abstract Stability Sheet

Money

$353,205

$1,789,235

Accounts Receivable

$42,336

$23,154

Whole Property

$419,782

$1,831,973

Brief-Time period Debt

$85,519

$45,851

Lengthy-Time period Debt

$9,543

$94,543

Whole Liabilities

$95,062

$140,394

Financials as of: 11/04/2022

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