According to the offering page, Share Scoops is offering a “CROWD SAFE” at a valuation cap of $10 million. A SAFE allows an investor to make an investment at a later date following a specific event such as a priced funding round. By using a SAFE, a founder friendly vehicle, does not need the company to set a valuation on the company.
To date, Share Scoops has hares $121,851 from 94 investors. The offering’s funding goal set a low hurdle of $25,000 with a top amount of $1.24 million.
Share Scoops has been created predicated on the reality that companies are increasing their reporting on ESG items such as climate. The company claims that it is “training Millennials and Gen Z to make a difference with their dollars.”
Share Scoops aims to make it easier for potential investors and customers to discover companies they believe in while following, and using their services.
Share Scoops states that it has “thousands of company impact profiles” to inform investors/cusstomers. The goal is to become a “corporations’ core shareholder/stakeholder engagement portal.” The platform will be able to capture “sentiment ratings,” commissioned content and re-engagtement partnerships.
To quote the offering page:
“Share Scoops’ select partners benefit from our expertise and insights into how this audience approaches financial topics:
- Educational content collaborations
- Integrating our daily scoops into their platforms
- Offering special incentives to spark repeat transactions
The company explains they are starting with consumer financial companies that hold a steep customer acquisition cost and then they intend on braching out to other sectors. And this is how the startup intends to generate their revenue by earning performance fees for new customers served by their platform. For users, the platform is free.
Money raised on the Republic platform will be used mainly to expand their team for product development, as well as a budget for paid marketing to amplify our organic growth efforts. Share Scoops previously raised $300,000 in angel funding.
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