The Hub
Changing the way brands hire photographers
Analytics
Raised to Date: $194,803
Aggregate Commitments $
Republic
10/01/2020
12/16/2020
$100,000
$1,070,000
$150
SAFE
RegCF
Seed
$8,000,000
20%
Weekly Commitments $
12/31/2020
195%
18%
$2,563
279
Brooklyn, New York
Business Services, Software, & Applications
MarketplaceTech
B2B2C
Low
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 |
Ratings
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