SouveNEAR
Early Stage
Locally-made, artistic souvenirs ... from vending machines!
Overview
Raised: $60,510
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/05/2019
Close Date
08/21/2019
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$566
# of Investors
74
Momentum
Funded
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Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Location
Kansas City, Missouri
SouveNEAR, the seller of locally-made souvenirs with a valuation cap of $5 million, is raising funds on WeFunder. The company sells artistic souvenirs through vending machines at airports and tourist venues. As a result, travelers get to find unique souvenirs and local artisans get a large audience. SouveNEAR was founded by Tiffany King and Suzanne Southard in 2014 and has already raised $268,250 in previous rounds since its founding. The current crowdfunding round has a goal of $50,000. SouveNEAR reported 18,900 customer purchases in 2018 alone and revenue growth of 400% from 2015 to 2018. The company has been featured in Time, NBC News, and USA Today, and has been accepted into Goldman Sachs 10,000 Small Businesses Program for Fall 2019.
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