3i Tech Works

3i Tech Works

Closed: Jun. 2022

About this raise

3i Tech Works, with a valuation of $20.4 million, is raising funds on StartEngine. The company builds solutions that help in increasing customer engagement and customer loyalty. The 3i Tech Works platform provides the best digital tools to small and medium-sized businesses and enables mobile connection and engagement with customers. 3i Tech Works’ database has more than 100 client businesses and serves over 780,000 unique customers. Joseph Riano founded 3i Tech Works in February 2012. The current crowdfunding campaign has a minimum target of $9,999.50 and a maximum target of $1,069,999. The campaign proceeds will be used for growth and expansion.

Expand

Investment Overview

Invested this round: $75,511

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
02/14/2022
Close Date
06/28/2022
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$350

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.75

Pre-Money Valuation

$20,355,416

Company & Team

Company

Year Founded
2012
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Boca Raton, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Joseph Riano
Title
CEO

Financials

 Revenue +112% YoY
$698,507
 Monthly Burn
Profitable
 Cash on Hand
$199,161
Gross Margin
21%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$698,507

$328,753

COGS

$550,472

$276,056

Tax

$0

$0

 

 

Net Income

$119,514

$-152,749

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$199,161

$106,667

Accounts Receivable

$0

$1,062

Total Assets

$1,826,449

$395,155

Short-Term Debt

$22,000

$25,000

Long-Term Debt

$84,983

$85,400

Total Liabilities

$106,983

$110,400

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/28/2022 StartEngine $20,355,416 $75,511 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
3i Tech Works on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,355,416
Price per Share: $1.75

Follow company

Follow 3i Tech Works on StartEngine 2022

Buy 3i Tech Works's Deal Report

Warning: according to the close date for this deal, 3i Tech Works may no longer be accepting investments.

3i Tech Works Deal Report

Get Kingscrowd's comprehensive report on 3i Tech Works including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether 3i Tech Works is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the 3i Tech Works deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge