Data / Crowdfunding / Georgia / GROUNDFLOOR FINANCE INC.
GROUNDFLOOR FINANCE INC.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $5,000,000 (2024)
GROUNDFLOOR FINANCE INC., a corporation in Atlanta, GA, filed a Form C with the SEC on September 4, 2024 to raise $50,000 to $5,000,000 in preferred stock through OpenDeal Portal LLC. The offering closed on October 31, 2024. In its most recent fiscal year it reported $26,715,095 in revenue and a net loss of $14,345,631, with 99 employees.
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- Website
- www.groundfloor.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 1201 PEACHTREE ST. NE SUITE 1104, BLDG 400, Atlanta, GA 30361
- Legal form
- Corporation
- Jurisdiction
- GA
- Incorporated
- July 28, 2014
- SEC CIK
- 0001588504
Offering terms
From the offering filed September 4, 2024.
- Security
- Preferred Stock
- Price
- $50.00
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- October 31, 2024
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of six percent (6%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed April 30, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,715,095 | $20,372,237 | sec.gov |
| Cost of goods sold | $2,658,630 | $2,527,040 | sec.gov |
| Net income | $-14,345,631 | $-4,524,750 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $364,460,941 | $336,542,473 | sec.gov |
| Cash | $2,096,160 | $6,249,581 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $344,552,222 | $297,978,347 | sec.gov |
| Long-term debt | $22,277,177 | $30,239,607 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 7, 2024 | Progress update | $50,000 | $5,000,000 | November 7, 2024 | The Offering closed successfully on 11/1/2024, having received investment commitments of $1,232,228.06, although a final accounting has not taken place. | sec.gov |
| September 4, 2024 | Offering | $50,000 | $5,000,000 | October 31, 2024 | sec.gov | |
| April 24, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 15, 2022 | Offering | $50,002 | $4,999,990 | April 30, 2023 | sec.gov |
Updated April 30, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.