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This isn’t hobbyDB’s most recent raise. Reg CF · Preferred Stock · Dec 2023 (Closed) is more current.View latest round
hobbyDB

Reg CF · Preferred Stock · Nov 2020

ClosedReached targetReg CFPreferred Equity
via WeFunderView campaign
Raised
$119.3K / $260K max
46% of ceiling · target hit day 2
Investors
238
$501.2 avg
Post-money valuation
$11.1M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$119K$60K$0
2381190
Nov 12, 2020 · openedDec 14, 2020 · last reading
Target ($20K) hit — Nov 14, 2020, day 2Deadline Mar 4, 2021 — 80 days out

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

Financials disclosed in this offering

FY2018–FY2019 · hover for source
$314K
−$724K
FY2018
$431K
−$651K
FY2019
RevenueNet income
Metric
FY2018 reviewed
FY2019 reviewed
Income statement
Revenue
$313,961
$430,582
Cost of goods sold
$87,134
$127,571
Gross margin
72%
70%
Net income
-$723,631
-$650,788
Taxes paid
$2,448
$0
Balance sheet
Cash
$155,950
$103,068
Accounts receivable
$0
$25,279
Total assets
$428,277
$868,040
Short-term debt
$55,665
$110,311
Long-term debt
$112,978
$216,458
Total liabilities
$168,643
$326,769
Other
Headcount
12
5

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

Amendments to this offering

1 amendment
  1. Nov 6, 2020
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Pre-money$11M
Post-money$11.1M
Price / share$0.67
Shares offered29,851

Down round. Priced 39% below Reg CF Offering (2019) (Sep 2019): $0.67 vs $1.10 a share in today's terms.

Offering details

Target$20,000
Max$260,000
Min investment$100
OpenedNov 12, 2020
DeadlineMar 4, 2021
ClosedDec 14, 2020
Days active32

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-20-001008

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.