The Hub

Neutral
BETA

Changing the way brands hire photographers

Analytics

Raised to Date: $194,803

Aggregate Commitments $
Platform

Republic

Start Date

10/01/2020

Close Date

12/16/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

195%

% of Max. Goal

18%

Likelihood of Max
Funded
Avg. Daily Raise

$2,563

# of Investors

279

Momentum
Funded
Location

Brooklyn, New York

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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

last updated 12/15/2020

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.
Other Deals

Relay on Republic

Relay has created an application with the goal of making the customer service experience quick, easy, and as…

Crowd
UNOMi on MicroVentures

Between video games, movies, and more, entertainment continues its shift toward a more digital existence. In games, features…

Crowd
Plant an App on Republic

Apps are a big business. Today, there exist 1.82 million apps on the…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add The Hub on Republic
Follow company
Follow The Hub on Republic