This company is no longer in business. Investors can get details about any potential exits or failures here.

Coinseed

Coinseed

Early Stage

bridge for the massesto adopt crypto in the mostseamless way

bridge for the massesto adopt crypto in the mostseamless way

Overview

Raised to Date: Raised: $57,553

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

01/01/2020

Close Date

04/30/2020

Min. Goal
$25,000
Max. Goal
$400,000
Min. Investment

$1

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/02/2020

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

$484

# of Investors

140

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

High Growth

Coinseed, an innovator in the cryptocurrency space, is raising funds on Mr. Crowd. The company is creating the technology that allows users to invest their spare change in a portfolio of cryptocurrencies and receive cryptocurrency cashback rewards on their purchases. Coinseed was founded by Delgerdalai Davaasambuu and Sukhbat Lkhagvadorj in 2017. The current round of crowdfunding of Coinseed has a minimum target of $25,000 and a maximum target of $400,000, and the funds will be used to develop more innovative features and accelerate the growth of the business. Coinseed generated revenues of over $279,000 in 2018 and the user base has increased to more than 29,000. The total user deposit on Coinseed reached $3.5 million in December 2019, with a total trade volume of more than $42 million in the second half of 2019.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$279,257

$8,056

COGS

$142,362

$2,731

Tax

$0

$0

 

 

Net Income

$-57,113

$-2,125

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$536,738

$711,421

Accounts Receivable

$0

$0

Total Assets

$536,738

$711,421

Short-Term Debt

$528,662

$673,466

Long-Term Debt

$141,410

$0

Total Liabilities

$670,072

$673,466

Financials as of: 01/01/2020
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Coinseed 04/29/2020 Mr. Crowd $6,000,000 $57,553 SAFE Funded RegCF
Coinseed 09/15/2019 SeedInvest $6,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Coinseed 03/24/2019 Microventures $5,000,000 $130,763 Convertible Note Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Coinseed on Mr. Crowd
Platform: Mr. Crowd
Security Type: SAFE
Valuation: $6,000,000

Follow company

Follow Coinseed on Mr. Crowd

Buy Coinseed's Deal Report

Warning: according to the close date for this deal, Coinseed may no longer be accepting investments.

Coinseed Deal Report

Get KingsCrowd’s comprehensive report on Coinseed including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Coinseed is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Coinseed deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge