SpongeBath

Operating

SpongeBath LLC

Retail & Consumer · Product · Astoria, NY · Founded 2013

Visit website

World's first sanitizing sponge holder

Valuation cap ⓘ

$10.0M

As of Apr 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation

Total raised

$1,651,599

Crowd $65K · Private $1.6M · 4 rounds since 2013

Financials

FY2016–FY2022 (no data for FY2018, FY2019) · from SEC filings · hover any figure for its source

−$111K

2016

$8K

−$272K

2017

2018no data

2019no data

$140K

−$103K

2020

$354K

−$64K

2021

$145K

−$29K

2022

RevenueNet income — beside revenue when positive, below the line when a loss

Metric

FY2016 reviewed*

FY2017 reviewed*

FY2020 reviewed

FY2021 reviewed

FY2022 unaudited

Income statement

Revenue

$7,684

$140,057

$353,500

$144,993

Cost of goods sold

$1,685

$45,758

$74,372

$35,400

Gross margin

—

78%

67%

79%

76%

Net income

-$110,997

-$271,734

-$103,193

-$63,802

-$28,735

Taxes paid

$3,205

$10,113

$1,850

Balance sheet

Cash

$171,345

$6,078

$108,021

$34,940

$26,883

Accounts receivable

$4,641

$2,086

Total assets

$171,345

$31,875

$193,350

$111,990

$133,745

Short-term debt

$43,123

$35,187

Long-term debt

$32,000

$34,258

$155,068

$137,510

$174,861

Total liabilities

$75,123

$69,445

$155,068

$137,510

$174,861

Other

Headcount

—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds

$10.0M

Valuation cap

Reg CF · SAFE · Feb 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · SAFE · Feb 2023Closedvia Republic

Raised $64.8K / $1.2MInvestors 99Valuation cap $10M

Section 4(a)(2) · Common Stock · Jul 2020Closed

Raised $170.7K

SpongeBath Debt 1Closedvia SeedInvest

Raised — / $500K

Rule 506(b) · Equity · Aug 2013Closed

Raised $1.4MInvestors 15

Team

1 person

Matthew Flannery

CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 8 annual reports (FY2018–FY2025)

99 investors

holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

Form C-UMay 5, 20230001964817-23-000008
EDGAR
Form C-TRMay 5, 20230001620626-23-000002
EDGAR
Form C-AR/AMay 1, 20230001738026-23-000003
EDGAR
Form C-ARApr 28, 20230001843387-23-000002
EDGAR
Form CFeb 1, 20230001620626-23-000001
EDGAR
Form CJan 4, 20190001620626-19-000001
EDGAR
Form DOct 30, 20140000914760-14-000113
EDGAR

Source: ManualCIK 0001620626NY

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.