25 Bough Street
Early Stage
Transform a vacant building in the heart of the city to empower the community!
Overview
Raised: $204,919
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/09/2021
Close Date
08/19/2021
Min. Goal
$50,001
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.55
Pre-Money Valuation
$5,100,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,079
# of Investors
286
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
25 Bough Street, with a pre-money valuation of $5.1 million, is raising funds on Wefunder. The company is planning to transform an abandoned building to empower the community. The building will be used to teach underserved youth financial literacy, STEM, career and self-awareness, and health and wellness. Idrees Lanre Ajakaiye founded 25 Bough Street in June 2020. The current crowdfunding round has a minimum goal of $50,001 and a maximum goal of $1,070,000, and the funds will be used to secure the site, fortify fencing, hire architectural services, and develop the site. 25 Bough Street aims to cater to the demand of an underrepresented market by providing a place for cultural celebration, innovation, and growth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/09/2021
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