Data / Crowdfunding / New York / Roo Inc.
Roo Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,070,000 (2020)
Roo Inc., a corporation in New York, NY, filed a Form C with the SEC on May 22, 2020 to raise $50,000 to $1,070,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on September 15, 2020. In its most recent fiscal year it reported $475,507 in revenue and a net loss of $7,011,872, with 19 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- heykangaroo.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 6 WEST 18TH STREET 11TH FLOOR, New York, NY 10011
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 16, 2018
- SEC CIK
- 0001739064
Offering terms
From the offering filed May 22, 2020.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- September 15, 2020
- Portal compensation
- At the conclusion of the offering, the issuer shall pay a fee of six percent (6%) of the amount raised in the offering to the intermediary.
Financials
From the Form C-U filed September 21, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $475,507 | $278,034 | sec.gov |
| Cost of goods sold | $660,896 | $314,942 | sec.gov |
| Net income | $-7,011,872 | $-3,358,301 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,541,550 | $1,425,567 | sec.gov |
| Cash | $208,784 | $742,311 | sec.gov |
| Accounts receivable | $158,800 | $7,733 | sec.gov |
| Short-term debt | $899,232 | $522,465 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| September 21, 2020 | Progress update | $50,000 | $1,070,000 | September 15, 2020 | The Offering closed successfully on September 16,2020 , having received investment commitments of $173,550, although a final accounting has not taken place. | sec.gov |
| May 22, 2020 | Offering | $50,000 | $1,070,000 | September 15, 2020 | sec.gov |
Also on SpecStream
Updated September 21, 2020. 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.