Procurement Foundry

Underweight
BETA

Social networking community for procurement and supply chain professionals within over 90 countries

Analytics

Raised to Date: $117,757

Aggregate Commitments $
Platform

Microventures

Start Date

07/21/2020

Close Date

09/21/2020

Min. Goal

$25,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$2,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

09/30/2020

Days Remaining
Funded
% of Min. Goal

471%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$1,899

# of Investors

203

Momentum
Funded
Location

Fairhaven, MA

Industry

Education, Training, & Coaching

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Procurement Foundry, with a valuation cap of $3 million, is raising funds on MicroVentures. It is a social networking community for professionals in the procurement and supply chain industry. The platform helps the professionals to come together, collaborate, learn, and grow and facilitates discussion, networking, and learning. Procurement Foundry was founded by Mike Cadieux in June 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $500,000, and the proceeds will be used for media development, marketing, advertising channel development, and operations. Procurement Foundry operates 20 regional chapters throughout the US, Canada, and the UK and has over 2,900 industry professionals from over 90 countries. The company became profitable in April 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-31,753

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$36,305

$0

Accounts Receivable

$0

$0

Total Assets

$36,305

$0

Short-Term Debt

$23,057

$0

Long-Term Debt

$45,000

$0

Total Liabilities

$68,057

$0

Ratings

last updated 10/04/2020

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Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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