CiSApp
Early Stage
Blockchain-based social media platform with over 22,200 user signups in its beta testing
Overview
Raised: $149,857
Total Commitments ($USD)
Platform
Microventures
Start Date
02/23/2021
Close Date
10/04/2021
Min. Goal
$25,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$1,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$675
# of Investors
382
Momentum
Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
CiSApp, with a valuation cap of $1.5 million, is raising crowdfunding on MicroVentures. The company is creating a decentralized social network blockchain to connect users across different account spaces. The network aims to solve problems related to anonymity, data privacy, and transparency. Palem Imran and Bhargav Varma founded CiSApp in 2019 and raised $15,000 in seed funding in 2020. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $107,000, and the funds will be used for general marketing, research and development, development contracting, future wages, and working capital. CiSApp has more than 22,285 users signed up during its beta testing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,415 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,693 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,670 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$15,000 |
$0 |
|
Total Liabilities |
$15,000 |
$0 |
Financials as of: 02/23/2021
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