EvolveHer
Early Stage
Redefining Community. Reimagining Connections
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/20/2020
Close Date
06/30/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$4,500,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
1969
Industry
Education, Training, & Coaching
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
EvolveHer, with a pre-money valuation of $4.5 million, is raising funds on StartEngine. It is a marketplace that pools resources, events, tools, and connections for women to advance personally and professionally. EvolveHer serves as the platform to bring about a collaboration among women, supporting them through networking, event programming, and business opportunities in all aspects of life. EvolveHer was founded by Alicia Driskill in 2017. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to expand the team, expand technology, and scale marketing. EvolveHer has generated $550,000 in lifetime revenues, with 96% revenue growth from 2018 to 2019. The platform has hosted over 770 events and engaged more than 75,000 people through its platform.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$367,187 |
$188,495 |
|
COGS |
$37,545 |
$27,882 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-166,762 |
$-169,934 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,434 |
$24,178 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$62,695 |
$100,035 |
|
Short-Term Debt |
$32,916 |
$1,993 |
|
Long-Term Debt |
$406,825 |
$308,327 |
|
Total Liabilities |
$439,741 |
$310,320 |
Financials as of: 04/20/2020
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