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SpongeBath
OperatingSpongeBath LLC
Retail · Product · Founded 2013
World's first sanitizing sponge holder
Valuation cap ⓘ
$10.0M
As of May 2023 · from SpongeBath Crowd SAFE 2 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$64,800
Across 2 rounds since 2023
Financials
FY2016–FY2022 · from SEC filings · hover any figure for its source$0
−$111K
2016
$8K
−$272K
2017
$140K
−$103K
2020
$354K
−$64K
2021
$145K
−$29K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016
FY2017
FY2020
FY2021
FY2022
Income statement
Revenue
$0
$7,684
$140,057
$353,500
$144,993
Cost of goods sold
$0
$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
$0
$0
$3,205
$10,113
$1,850
Balance sheet
Cash
$171,345
$6,078
$108,021
$34,940
$26,883
Accounts receivable
$0
$0
$4,641
$2,086
$2,086
Total assets
$171,345
$31,875
$193,350
$111,990
$133,745
Short-term debt
$43,123
$35,187
$0
$0
$0
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
—
3
—
0
0
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$10.0M
Valuation cap
SpongeBath Crowd SAFE 2
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $64.8K / $1.2MInvestors 99Valuation cap $10M
Raised — / $500K
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
Source: ManualCIK 0001620626
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.