Localisity

Neutral
BETA

Online Small Business Marketplace

Analytics

Raised to Date: $1,300

Aggregate Commitments $
Platform

MainVest

Start Date

07/14/2020

Close Date

09/30/2020

Min. Goal

$50,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status
Not Funded
Reporting Date

09/30/2020

Days Remaining
Not Funded
% of Min. Goal

3%

% of Max. Goal

1%

Likelihood of Max
Not Funded
Avg. Daily Raise

$17

# of Investors

6

Momentum
Not Funded
Location

Boston, MA

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Growth

Localisity, an online small business marketplace in Boston, MA, is raising funds on MainVest. The company helps local businesses in Boston and Cambridge to become visible, claim their digital space, acquire new customers, and sell more of their products to the existing customers. Localisity helps small businesses by servicing their customers through online transactions, driving better business outcomes, and maintaining top-of-mind for their customers. Localisity was founded by Ben Dooley in 2018. The current crowdfunding round of the company has a minimum raise of $50,000 and a maximum raise of $107,000. The proceeds will be used for sales and marketing, product enhancement, insurance, and customer support & operations. Localisity has 15 businesses signed on its website and is delivering over $10,000 to its member community monthly.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$770

COGS

$0

$232

Tax

$0

$0

 

 

Net Income

$-19,207

$538

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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