Nyoobe
Early Stage
With Nyoobe, any person can refer any product or service, anywhere in the world
Overview
Raised: $23,583
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/02/2020
Close Date
10/30/2020
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/31/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$198
# of Investors
34
Momentum
Not Funded
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Year Founded
2017
Industry
Marketing & Advertising
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Nyoobe, with a valuation cap of $12.5 million, is raising crowdfunding on Wefunder. It is a mobile app that allows businesses to advertise their products without paying any upfront fees. The members of Nyoobe earn cash for referring products and services anywhere in the world. It helps businesses generate word-of-mouth sales while benefitting the users financially. Nyoobe was founded by Derek Tippins, Michael Lee, and Kevin Thigpen in 2017 and has raised over $500,000 since its inception. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $1,070,000. The funds will be used for marketing and advertising and technology development. Nyoobe is already available on Google Play and App Store and will be available in nine countries in 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-26,704 |
$-69,726 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$13,519 |
$-18,784 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$360,394 |
$172,535 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/02/2020
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