KarmaCall
Early Stage
It’s Safe To Answer Your Phone Again.
Overview
Raised: $10,000
Total Commitments ($USD)
Platform
Title3Funds
Start Date
02/03/2021
Close Date
12/20/2022
Min. Goal
$10,000
Max. Goal
$700,000
Min. Investment
$250
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$15
Momentum
Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
KarmaCall, with a valuation cap of $5 million, is raising funds on Title3Funds. The company has developed a mobile app that helps in blocking spam calls and demonstrates its patented payments technology. The payments technology uses refundable nano payments to create digital trust between strangers. Adrian E. Garcia founded KarmaCall in September 2019. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $700,000, will be used for growth and expansion. KarmaCall also empowers users to get paid for their data. SpamCash, the time-based nano transaction system of KarmaCall, helps in reducing unsolicited communications.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$233 |
$175 |
|
Tax |
$450 |
$0 |
| ||
| ||
|
Net Income |
$-20,813 |
$-1,928 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,406 |
$3,861 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$25,796 |
$10,315 |
|
Short-Term Debt |
$21,989 |
$1,374 |
|
Long-Term Debt |
$43,415 |
$10,820 |
|
Total Liabilities |
$65,404 |
$12,193 |
Financials as of: 02/03/2021
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