SwayBrand

Marketplace connecting brands and diverse brand ambassadors for culturally relative content and insights

Analytics

Raised to Date: $75,994

Aggregate Commitments $
Platform

SeedInvest

Start Date

03/08/2021

Close Date

04/25/2021

Min. Goal

$25,000

Max. Goal

$950,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

RegCF / RegD 506(C)

Series

Pre-Seed

Pre-Money Valuation

$6,827,953

Rolling Commitments $
Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

304%

% of Max. Goal

8%

Likelihood of Max
Funded
Avg. Daily Raise

$1,583

Momentum
Funded
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Location

Monee, Illinois

Industry

Marketing & Advertising

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

SwayBrand, with a pre-money valuation of $6.8 million, is raising funds on SeedInvest. The platform connects brands and brand ambassadors to collaborate for creative partnerships. The brands are usually connected to ambassadors who originated cultural trends to create more brand impact. Horace L. Flournoy and Israel Idonije founded SwayBrand in 2015 and raised over $450,000 in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $950,000, will be used for product development, sales development, marketing, hiring personnel, and general and administrative expenses. SwayBrand has already signed a contract with Conagra Brands and established a partnership with Shipbob.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$23,120

$196

COGS

$0

$467

Tax

$0

$0

 

 

Net Income

$4,456

$-213,614

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$25,001

$0

Accounts Receivable

$8,000

$100

Total Assets

$33,001

$100

Short-Term Debt

$49,634

$62,831

Long-Term Debt

$0

$0

Total Liabilities

$49,634

$62,831

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