Homecrowd sourcedVengreso on Wefunder 2022 - KingsCrowd

Vengreso on Wefunder 2022 – KingsCrowd

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Reporting Date

07/25/2022

Likelihood of Max

Momentum

cold.svg

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Location

Walnut Creek, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

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

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