Aggregate Commitments $
Wefunder
07/25/2022
04/30/2023
$50,000
$1,070,000
$100
SAFE
RegCF
Seed
$7,000,000
20%
Rolling Commitments $
Active
09/19/2022
223
201%
9%
$1,794
Walnut Creek, California
Business Services, Software, & Applications
EnterpriseTech
B2B/B2C
High
Low
High Growth
Vengreso, with a valuation of $7 million, is raising funds on Wefunder. The company has developed a text expansion tool called FlyMSG. FlyMSG is used by business owners, entrepreneurs, human resource professionals, and many others to build out messages and deploy them anywhere online. Vengreso is disrupting the productivity management software market and reported a 2,900% user growth in twelve months through word of mouth. Mario Martinez Jr. and Viveka Von Rosen founded Vengreso in April 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, hiring, and technical development.
Summary Profit and Loss Statement
|
Revenue |
$884,231 |
$848,734 |
|
COGS |
$160,963 |
$131,483 |
|
Tax |
$0 |
$0 |
|
 |
||
|
 |
||
|
Net Income |
$350,133 |
$211,222 |
Summary Balance Sheet
|
Cash |
$390,524 |
$414,028 |
|
Accounts Receivable |
$96,112 |
$116,356 |
|
Total Assets |
$486,636 |
$530,385 |
|
Short-Term Debt |
$473,195 |
$551,326 |
|
Long-Term Debt |
$659,878 |
$523,386 |
|
Total Liabilities |
$1,133,073 |
$1,074,712 |
Financials as of: 07/25/2022