Healthy Hip Hop

Neutral
BETA

Sesame street of the 21st century

Analytics

Raised to Date: $5,498

Aggregate Commitments $
Platform

Republic

Start Date

02/22/2021

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

03/03/2021

Days Remaining

57

% of Min. Goal

22%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$611

# of Investors

31

Momentum
Location

Kansas City, Missouri

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Healthy Hip Hop, with a $10 million valuation cap, is raising funds on Republic. The platform offers a safe social media experience for kids with the help of hip-hop culture, social interaction, and literacy. The company partners with schools and parents to offer its comprehensive childhood development program to kids. Roy Scott and Wes Smith founded Healthy Hip Hop in October 2019. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for onboarding 10,000 new users, including schools, parents, and companies, IT development, marketing, and team talent. Healthy Hip Hop has over 1,500 live events and over 5,000 active users. The company expects its revenue to reach $10.7 million by 2023.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$34,197

$50,941

COGS

$9,261

$38,732

Tax

$0

$0

 

 

Net Income

$-109,934

$-40,076

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$8,283

$130,526

Accounts Receivable

$150

$0

Total Assets

$8,433

$130,526

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 03/04/2021

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