Data / Crowdfunding / Massachusetts / Scrapp Inc
Scrapp Inc: crowdfunding raise on Wefunder Portal LLC, $50,000 to $250,000 (2021)
Scrapp Inc, a corporation in Burlington, MA, filed a Form C with the SEC on October 25, 2021 to raise $50,000 to $250,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on July 29, 2022. In its most recent fiscal year it reported $9,943 in revenue and a net loss of $216,251, with 4 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
- www.scrappzero.com
- Funding portal
- Wefunder Portal LLC
- Address
- 0 Ivy Ln, Burlington, MA 01803
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 29, 2022
- SEC CIK
- 0001889303
Offering terms
From the offering filed October 25, 2021.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $250,000
- Deadline
- July 29, 2022
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 17, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $9,943 | $30,994 | sec.gov |
| Cost of goods sold | $11,458 | $100 | sec.gov |
| Net income | $-216,251 | $-77,073 | sec.gov |
| Taxes paid | $2,421 | $11,632 | sec.gov |
| Total assets | $248,771 | $38,202 | sec.gov |
| Cash | $192,740 | $10,578 | sec.gov |
| Accounts receivable | $3,767 | $0 | sec.gov |
| Short-term debt | $8,451 | $33,386 | sec.gov |
| Long-term debt | $0 | $99,382 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 17, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| October 25, 2021 | Offering | $50,000 | $250,000 | July 29, 2022 | sec.gov |
Updated March 17, 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.