Raindrop Texting Solutions

Neutral
BETA

Fund Freedom

Analytics

Raised to Date: $2,750

Aggregate Commitments $
Platform

TruCrowd

Start Date

10/14/2020

Close Date

03/31/2021

Min. Goal

$10,000

Max. Goal

$500,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Valuation

$5,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

64

% of Min. Goal

28%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$27

# of Investors

2

Momentum
Location

Cedar Hills, Utah

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

High

Capital Intensity

Business Type

Growth

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

Ratings

last updated 01/26/2021

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.
Other Deals

Manta Biofuel on Republic

The global oil and gas market was $3 trillion in 2019. The U.S…

Crowd
Juked on Republic

Juked.gg has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
R3 Printing on StartEngine

The R3 Printing team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Raindrop Texting Solutions on TruCrowd
Follow company
Follow Raindrop Texting Solutions on TruCrowd