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This isn’t Modal Living’s most recent raise. Reg CF · Common Stock · Oct 2021 (Closed) is more current.View latest round
Modal Living

Reg CF · Convertible Note · Jun 2021

ClosedReached targetReg CFConvertible Note
via SeedInvestView campaign
Raised
$715.9K / $1.1M max
67% of ceiling · target hit day 2
Investors
—
—
Valuation cap
$12.5M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$1.1M$527K$0
1.0K5000
Jun 10, 2021 · openedAug 13, 2021 · last reading
Target ($25K) hit — Jun 12, 2021, day 2$1.0M raised — Aug 11, 2021Deadline Aug 28, 2021 — 15 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via SeedInvest; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2019–FY2020 · hover for source
$112K
−$1.7M
FY2019
$1.5M
−$2.9M
FY2020
RevenueNet income
Metric
FY2019 audited*
FY2020 audited*
Income statement
Revenue
$111,567
$1,465,042
Cost of goods sold
$132,977
$2,019,701
Gross margin
-19%
-38%
Net income
-$1,706,622
-$2,859,850
Taxes paid
$0
$0
Balance sheet
Cash
$88,229
$341,791
Accounts receivable
$0
$15,780
Total assets
$101,576
$665,100
Short-term debt
$1,708,198
$788,155
Long-term debt
$0
$2,523,441
Total liabilities
$1,708,198
$3,311,596
Other
Headcount
—
14

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$12.5M
Conversion discount20%
Interest rate5%

Perks

Valuation Cap: US $9,000,000 no later than Jun 25, 2021$9M+

Offering details

Target$25,000
Max$1,070,000
Min investment$1,000
OpenedJun 10, 2021
DeadlineAug 28, 2021
ClosedAug 13, 2021
Days active64

Links & provenance

Campaign pageSEC filing
Source: Manual
0001862793-21-000001

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.