PromoShare

Neutral
BETA

PromoShare is an enterprise ambassador solution that allows sports teams and major live event producers to manage and scale their communities of ambassadors.

Analytics

Raised to Date: $20,120

Aggregate Commitments $
Platform

Netcapital

Start Date

03/12/2020

Close Date

01/07/2021

Min. Goal

$10,000

Max. Goal

$107,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$3,188,422

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

34

% of Min. Goal

201%

% of Max. Goal

19%

Likelihood of Max
Avg. Daily Raise

$76

Momentum
Location

Chicago, IL

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

PromoShare, with a post-money valuation of $3.29 million, is raising funds on NetCapital. The company assists live event producers and sports teams to manage their ambassadors throughout, starting from engagement to conversion. The invite-only ecosystem of PromoShare allows producers to track, manage, and reward local influencers for selling tickets. PromoShare was founded by Ernesto Pedroza, Robert Armband, Julia Fischer, and Raymundo Ginez in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used towards marketing, new team members, hardware, and tech development. The revenue model of PromoShare works through yearly licensing fees and revenue share, in addition to strategic partnerships and micro-influencer campaigns.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$208,018

$0

COGS

$65,045

$0

Tax

$0

$0

 

 

Net Income

$130

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$10,789

$0

Accounts Receivable

$0

$0

Total Assets

$100,937

$0

Short-Term Debt

$807

$0

Long-Term Debt

$0

$0

Total Liabilities

$807

$0

Ratings

last updated 12/03/2020

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