Markid on SeedInvest 2022 – KingsCrowd

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Markid on SeedInvest 2022 – KingsCrowd


Safety Sort

Fairness – Most well-liked

Funding Sort

RegCF
/ RegD 506(c)

Pre-Cash Valuation

$12,000,000

Reporting Date

11/16/2022

Chance of Max

Momentum

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Location

New York, New York

Business

Client Merchandise, Items & Companies

Tech Sector

MarketplaceTech

Markid, with a valuation of $12 million, is elevating funds on SeedInvest. It’s a round market specifically designed for fogeys to purchase and promote children’ new, used, and refurbished gadgets. The platform has built-in peer-to-peer and brand-resale channels to assist mother and father promote their children’ unused and outgrown gadgets and purchase extra new and used merchandise. Markid has a model partnership with Swoondle Society and has established collaborations with quite a few content material creators and mother influencers. Ankur Dhawan, Stephanie Cartin, and Devyani Mehta based Markid in September 2022. The present crowdfunding marketing campaign has a minimal RegCF goal of $25,000, a minimal elevate goal of $500,000, and a most goal of $1.24 million. The marketing campaign proceeds will likely be used for B2B model partnerships, scaling know-how, licensed merchandise, and neighborhood.

Abstract Revenue and Loss Assertion

Income

$38,714

$573

COGS

$19,780

$0

Tax

$0

$0

 

 

Internet Revenue

$-429,708

$-205,315

Abstract Steadiness Sheet

Money

$72,089

$129,993

Accounts Receivable

$0

$0

Whole Belongings

$73,714

$129,993

Brief-Time period Debt

$18,552

$12,169

Lengthy-Time period Debt

$96,436

$99,521

Whole Liabilities

$114,988

$111,690

Financials as of: 11/16/2022

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