Joolez
Fine jewelry marketplace matching customers with ideal diamond engagement rings using AI
Analytics
Raised to Date: $3,390
Aggregate Commitments $
Platform
Microventures
Start Date
04/06/2021
Close Date
09/06/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$4,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
04/21/2021
Days Remaining
136
% of Min. Goal
7%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$226
# of Investors
20
Momentum
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Location
New York, New York
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Joolez, with a valuation cap of $4 million, is raising funds on MicroVentures. The company has developed a jewelry marketplace that uses artificial intelligence to match customers with their ideal diamond engagement rings. The algorithm will change how customers shop for diamond rings online and get the perfect match for themselves. Yuri Iskhakov founded Joolez in December 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing, R&D, equipment purchases, and general working capital. Joolez aims to give customers access to more than one million diamonds through its large diamond and jewelry trading networks.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-58,854 |
$1 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,552 |
$1,550 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,552 |
$1,550 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
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