This company is no longer in business. Investors can get details about any potential exits or failures here.
Colossal
Early Stage
Every year 8000 veterans commit suicide. We aim to drastically reduce that number
Overview
Raised: $22,750
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/10/2019
Close Date
03/25/2020
Min. Goal
$20,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$1,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$116
# of Investors
68
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Colossal, with a valuation cap of $2 million, is raising funds on WeFunder. The company, through its social media platform Sayscape, brings the veterans together and offers them help and support. The primary objective of Colossal is veteran suicide prevention by providing them a helping hand when they need someone to rely on. Colossal was founded by Chris Santos and other veterans. The proceeds of the current crowdfunding round, with a minimum raise of $20,000 and a maximum raise of $107,000, will be used for the application development, research & development, and marketing and promoting Sayscape. The social media app is already live on Apple and Google app stores and does not have direct competition in the target market.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,175 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,175 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,562 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,562 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/10/2019
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