Data / Crowdfunding / Delaware / Soraban, Inc.
Soraban, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $150,000 (2020)
Soraban, Inc., a corporation in Dover, DE, filed a Form C with the SEC on November 23, 2020 to raise $50,000 to $150,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on December 4, 2020. In its most recent fiscal year it reported $904,330 in revenue and a net loss of $2,398,450, with 28 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.soraban.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1111B S Governors Ave STE 7575, Dover, DE 19904
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 26, 2019
- SEC CIK
- 0001818986
Offering terms
From the amendment filed November 23, 2020.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $150,000
- Deadline
- December 4, 2020
- Portal compensation
- <p>4% 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.</p>
Financials
From the Form C-AR filed May 14, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $904,330 | $347,895 | sec.gov |
| Cost of goods sold | $268,937 | $134,203 | sec.gov |
| Net income | $-2,398,450 | $-1,151,850 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,515,340 | $2,995,909 | sec.gov |
| Cash | $2,493,591 | $2,959,561 | sec.gov |
| Accounts receivable | $0 | $35,000 | sec.gov |
| Short-term debt | $1,275,466 | $445,476 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 21, 2025 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 14, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| November 23, 2020 | Amendment | $50,000 | $150,000 | December 4, 2020 | Lowering minimum target and adding GAAP financials. | sec.gov |
| July 24, 2020 | Offering | $75,000 | $150,000 | November 20, 2020 | sec.gov |
Updated May 21, 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.