The Hub
Early Stage
Changing the way brands hire photographers
Overview
Raised: $194,803
Total Commitments ($USD)
Platform
Republic
Start Date
09/30/2020
Close Date
12/15/2020
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,563
# of Investors
279
Momentum
Funded
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Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
The Hub, with a valuation cap of $8 million, is raising funds on Republic. It is a marketplace that connects quality-focused brands to talented photographers for their socials, website, and advertisements. The photographers for the platform are hand-selected based on their experience and quality of work. The Hub was founded by Shannon Bray and James Cole in 2016 and has raised over $1.7 million since its inception. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $1,070,000, and the funds will be used to continue the growth. The Hub has 40,000 carefully accepted photographers and has generated $1.5 million in lifetime revenue. The platform has experienced a 20% month-over-month growth in job posts during COVID-19 in the past six months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$611,731 |
$112,015 |
|
COGS |
$337,560 |
$73,473 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,952,208 |
$-1,727,665 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$35,440 |
$42,156 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,534,685 |
$1,075,039 |
|
Short-Term Debt |
$3,393 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,393 |
$0 |
Financials as of: 09/30/2020
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