Melanoid Exchange
Early Stage
Melanoid Exchange is a mobile app platform dedicated to connecting entrepreneurs of color with the world through eCommerce and booking.
Overview
Raised: $160,700
Total Commitments ($USD)
Platform
Buy The Block
Start Date
02/27/2020
Close Date
08/27/2020
Min. Goal
$15,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$11,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$888
# of Investors
599
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Melanoid Exchange, with a pre-money valuation of $11.8 million, is raising funds on BuyTheBlock. It is a mobile app platform that connects entrepreneurs of color with the world through booking and e-commerce. Melanoid Exchange allows product and services vendors to come aboard its platform and sell their products. Melanoid Exchange was founded by Jovante Ham and Darsha Carter. The current round of crowdfunding of the company has a minimum goal of $15,000 and a maximum goal of $107,000, and the funds will be used towards advertising, development costs, and legal expenses. Melanoid Exchange offers a customizable storefront for vendors, with a host of marketing tools.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
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 |
Financials as of: 02/27/2020
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