ShiftPosts

Neutral
BETA

Workforce management in real-time for healthcare industries

Analytics

Raised to Date: $695,257

Aggregate Commitments $
Platform

SeedInvest

Start Date

11/19/2020

Close Date

01/29/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

2,781%

% of Max. Goal

65%

Likelihood of Max
Funded
Avg. Daily Raise

$9,792

Momentum
Funded
Location

Stillwater, Minnesota

Industry

Healthcare & Pharmaceuticals

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

ShiftPosts, with a $4 million valuation cap, is raising crowdfunding on SeedInvest. It is an end-to-end workforce management platform for the healthcare industry. The platform helps to manage schedules, gaps, and talent, all from one screen. Elizabeth Cooper and Dave McLean founded ShiftPosts in 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used towards software development, staff, and sales and marketing. ShiftPosts signed a contract with the largest Rx retailer in Canada in the first year of its operations. The company’s monthly revenue grew 60% from May to June 2020 and 80% from July to August 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$37,464

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-680,297

$-186,404

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$37,482

$54,962

Accounts Receivable

$0

$0

Total Assets

$51,405

$55,013

Short-Term Debt

$143,636

$51,686

Long-Term Debt

$675,000

$0

Total Liabilities

$818,636

$233,284

Ratings

last updated 01/28/2021

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Analyst Report

Neutral
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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