Raindrop Texting Solutions
Early Stage
Fund Freedom
Overview
Raised: $3,300
Total Commitments ($USD)
Platform
truCrowd
Start Date
10/13/2020
Close Date
03/04/2022
Min. Goal
$10,000
Max. Goal
$500,000
Min. Investment
$250
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/05/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$7
# of Investors
6
Momentum
Not Funded
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Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B
Margin
High
Capital Intensity
Raindrop Texting Solutions, with a pre-money valuation of $5 million, is raising funds on TruCrowd. It is a mobile texting company serving the conservative market. Raindrop Texting Solutions provides text messaging, text polling, and text fundraising services as powerful texting tools to engage supporters, gain feedback, and generate funds. Deborah Dahl and Mike Brown founded Raindrop Texting Solutions in 2017. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $500,000, and the proceeds will be used for marketing, hiring, business development, and general operating capital. Raindrop Texting Solutions has multiple revenue streams and reported a 255% revenue growth over the last two years.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$38,620 |
$33,641 |
|
COGS |
$-19,644 |
$-22,616 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,867 |
$-7,495 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,607 |
$5,130 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,607 |
$5,130 |
|
Short-Term Debt |
$31,876 |
$30,532 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,876 |
$30,532 |
Financials as of: 10/13/2020
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