Nyce Co.

Nyce Co.

Own a piece of the skyline— and help wipe out wealth inequality.

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Retail, Real Estate, Community & Lifestyle
Min Investment
$500
Location
New York, NY
Offering Date
April 11, 2020
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$4.00M
No. Investors
556
Security Price
$1
Deal Notes

20.0% discount

$25K+ pro rata right threshold

Website
nyce.co
Number of Employees
6
Cash
$238,050
Revenue
$14,768,428
Short Term Debt
$2,097,904
Cost of Goods
$0
Long Term Debt
$40,509
Net Income
$-6,934,929

Company Description

We own, develop and operate tech-powered apartment buildings in NYC Metro, Philadelphia and Washington DC. Our current projects include the first smart tech building in Jersey City, an AI-powered co-living building by Temple University, and the first minority-owned high rise in Jersey City.

Key Deal Facts

Grown from $850K in seed capital to $10.2M in assets (through subsidiaries) —all without debt.
Company subsidiaries have $57M in projects under development, featured in Forbes, Entrepreneur and BiggerPockets.
Co-founder is a bonafide soccer star for FC Barcelona with over 500,000 followers on Instagram.
Founded by bestselling author, award-winning entrepreneurs, and a World Cup/FC Barcelona star.
Just began construction on 1st AI-powered smart tech building in Philadelphia, as seen in Forbes.
C-level and all-star advisory board of award-winning real estate professionals and Forbes 30 under 30 alumni.
NYCE zoning lawyer is behind approvals for 85% of Jersey City skyline projects.
At just $500, you'll have the opportunity to own part of NYCE Companies, Inc., which owns the subsidiaries purchasing the buildings.

Use of Proceeds

If $100,000 is raised:

72.5% Marketing (digital ads, social media, influencer campaigns, PR, VR marketing) 20% Business Operations (office costs, salaries, legal fees, etc.) 7.5% Wefunder intermediary fee

If $1,070,000 is raised:

22.5% Marketing (digital ads, social media, influencer campaigns, PR, VR marketing) 30% Technology (building out our platform, developer salaries) 10% Property Management 30% Business Operations (office costs, salaries, legal fees, etc.) 7.5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Philip Michael
Founder, NYCE
Award-winning author/entrepreneur, built an eight-figure real estate portfolio in 24 months. Former director, content strategy at Bisnow Media leading up to the company's $50M sale.

Martin Braithwaite
Co-founder, NYCE
Martin Braithwaite is a professional soccer player for FC Barcelona and real estate investor. At $324M, Martin is one of the most expensive players in the world.

Dmitriy Ishimbayev
General Counsel, NYCE
Dmitriy Ishimbayev is an award-winning attorney, specializing in business, startup law, and real estate. As General Counsel of NYCE, Dmitriy helped secure development contracts and facilitated a $20M real estate fund.

Deal Notes

20.0% discount

$25K+ pro rata right threshold

Amount Raised : $288,817
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment