Incolo
Early Stage
A Startup Platform for All Founders & Investors
Overview
Raised: $131,975
Total Commitments ($USD)
Platform
Localstake
Start Date
03/15/2021
Close Date
12/24/2021
Min. Goal
$57,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$8,200,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$466
# of Investors
29
Momentum
Funded
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Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Incolo, with a valuation cap of $8.2 million, is raising crowdfunding on Localstake. It is a startup platform for all founders and investors and is focused on the success of a diversity of businesses. The platform includes a founder community platform, the FENX, masterclass and coaching for founders, and funding. William McGuire founded Incolo in January 2019. The current crowdfunding campaign has a minimum target of $57,000 and a maximum target of $250,000. The raise proceeds will be used for hiring, marketing, and startup and development. Incolo reported triple-digit revenue growth from 2019 to 2020, and the founder company contract grew by 260% in the same period.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$36,100 |
$5,075 |
|
COGS |
$18,871 |
$2,544 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-27,714 |
$-24,003 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$22,596 |
$981 |
|
Accounts Receivable |
$12,114 |
$8,399 |
|
Total Assets |
$36,710 |
$9,379 |
|
Short-Term Debt |
$11,176 |
$-18,167 |
|
Long-Term Debt |
$40,000 |
$5,003 |
|
Total Liabilities |
$51,176 |
$-13,164 |
Financials as of: 03/15/2021
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