NYCE

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Analytics

Raised to Date: Raised: $1,471,489

Aggregate Commitments $
Platform

Wefunder

Start Date

07/15/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$535,000

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$50,000,000

Rolling Commitments $
Status

Active

Reporting Date

07/29/2021

Days Remaining

275

% of Min. Goal

2,943%

% of Max. Goal

275%

Likelihood of Max
exceeded
Avg. Daily Raise

$105,106

# of Investors

3,765

Momentum
warm
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Location

New York, New York

Industry

Real Estate & Construction

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

NYCE, with a pre-money valuation of $50 million, is raising crowdfunding on Wefunder. The company owns, develops, and operates apartment buildings in NYC Metro, Philadelphia, and Washington DC and allows women and millennials of color to own a part of real estate portfolios. NYCE aims to bring over 100,000 millennials to co-own real estate with them and build wealth for the generation. NYCE was founded by Philip Michael and Martin Braithwaite in January 2020 and raised over $1 million in the previous round of crowdfunding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $535,000, and the funds will be used towards marketing, business operations, liquidity, and general use. NYCE has launched its app, Robinhood of real estate, and has over 175,000 users across community members, subscribers, and investors.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$5,340,296

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-115,755

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$467,961

$0

Accounts Receivable

$0

$0

Total Assets

$7,566,890

$0

Short-Term Debt

$1,212,787

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,212,787

$0

Financials as of: 07/15/2021
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Raise History
Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NYCE 04/30/2022 Wefunder $50,000,000 $1,471,489 Equity - Preferred Active RegCF
NYCE Co. 07/31/2020 Wefunder $25,000,000 $727,175 SAFE Funded RegCF
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