Data / Crowdfunding / California / JUMPSTART INSURANCE SOLUTIONS, INC.
JUMPSTART INSURANCE SOLUTIONS, INC.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,070,000 (2019)
JUMPSTART INSURANCE SOLUTIONS, INC., a corporation in Oakland, CA, filed a Form C with the SEC on November 5, 2019 to raise $25,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on November 30, 2019. In its most recent fiscal year it reported $79,726 in revenue and a net loss of $944,412, with 6 employees.
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- Website
- www.jumpstartinsurance.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 344 THOMAS L BERKLEY WAY, Oakland, CA 94612
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- November 4, 2015
- SEC CIK
- 0001774041
Offering terms
From the amendment filed November 5, 2019.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,070,000
- Deadline
- November 30, 2019
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed May 18, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $79,726 | $34,477 | sec.gov |
| Cost of goods sold | $136,623 | $42,373 | sec.gov |
| Net income | $-944,412 | $-671,910 | sec.gov |
| Taxes paid | $4,104 | $1,852 | sec.gov |
| Total assets | $405,480 | $866,600 | sec.gov |
| Cash | $148,326 | $598,884 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $37,328 | $30,033 | sec.gov |
| Long-term debt | $1,153,132 | $989,817 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 18, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 2, 2019 | Progress update | $25,000 | $1,070,000 | November 30, 2019 | The Offering closed successfully on 11/30/2019, having received investment commitments of $919,023, although a final accounting has not taken place. | sec.gov |
| November 5, 2019 | Amendment | $25,000 | $1,070,000 | November 30, 2019 | The Form C is hereby amended to correct a typo in the "Use of Proceeds" section and to provide further detail regarding the allocation of the proceeds. | sec.gov |
| September 27, 2019 | Amendment | $25,000 | $1,070,000 | November 30, 2019 | The Form C is hereby amended to extend the offering deadline, provide additional information regarding the issuer's liquidity and correct a typo in the "Securities" description. | sec.gov |
| June 12, 2019 | Offering | $25,000 | $1,070,000 | September 30, 2019 | sec.gov |
Updated May 18, 2021. 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.