Melanence

Neutral
BETA

A professional, career & personal development platform created for and by communities of color. Through a variety of unique technical and soft skill courses taught by industry experts, Melanence empowers communities of color to change the world.

Analytics

Raised to Date: $110,006

Aggregate Commitments $
Platform

Netcapital

Start Date

08/28/2020

Close Date

02/25/2021

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$4,500,000

Weekly Commitments $
Status
Funded
Reporting Date

02/28/2021

Days Remaining
Funded
% of Min. Goal

1,100%

% of Max. Goal

44%

Likelihood of Max
Funded
Avg. Daily Raise

$608

Momentum
Funded
Location

Upland, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Melanence, with a post-money valuation of $4.75 million, is raising funds on NetCapital. The platform contains a variety of soft skills and technical courses that empower communities of color. The courses help in the professional, career, and personal development of individuals of color. The platform provides accessible and purposeful education, with diversity and inclusion. Juan Young founded Melanence in May 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. The raise’s proceeds will be used for technology development, marketing and advertising, executive compensation, and legal and administrative expenses. Melanence works on a subscription-based business model and plans to generate more revenue streams through Melanence for Teams, Melanence for Schools, and Corporate Recruiter Subscriptions.

Ratings

last updated 02/25/2021

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