Data / Crowdfunding / Utah / TeamUp Money, Inc.
TeamUp Money, Inc.: crowdfunding raise on OpenDeal Portal LLC, $25,000 to $1,235,000 (2023)
TeamUp Money, Inc., a corporation in Orem, UT, filed a Form C with the SEC on June 22, 2023 to raise $25,000 to $1,235,000 in Crowd SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on August 22, 2023. In its most recent fiscal year it reported $0 in revenue and a net loss of $555,844, with 1 employees.
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- Website
- teamup.money
- Funding portal
- OpenDeal Portal LLC
- Address
- 841 N 900 W, Orem, UT 84057
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- March 9, 2022
- SEC CIK
- 0001937156
Offering terms
From the offering filed June 22, 2023.
- Security
- Crowd SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $25,000
- Maximum
- $1,235,000
- Deadline
- August 22, 2023
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of three and one half percent (3.5%) of the dollar amount raised in the Offering.
Financials
From the Form C-U filed August 29, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-555,844 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,272,290 | $0 | sec.gov |
| Cash | $595,983 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $118,134 | $0 | sec.gov |
| Long-term debt | $1,710,000 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 29, 2023 | Progress update | $25,000 | $1,235,000 | August 22, 2023 | The Offering closed successfully on 8/23/2023, having received investment commitments of $267,400, although a final accounting has not taken place. | sec.gov |
| June 22, 2023 | Offering | $25,000 | $1,235,000 | August 22, 2023 | sec.gov |
Updated August 29, 2023. 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.