ABii by Van Robotics

ABii by Van Robotics

[Closed for Investment] ABii by Van Robotics, with a pre-money valuation of $19.2 million, is raising funding on StartEngine. The company develops artificial intelligence-enabled smart robot tutors for personalized tutoring in core subjects. The robots understand individuals’ learning habits and adapt to their performance, attention, and stress levels. ABii by Van Robotics was founded by Laura Boccanfuso in 2016 and appeared on Shark Tank in May 2020. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to continue growing the network of ed tech resellers and distributors and add more content. ABii by Van Robotics sells robot tutors to schools at $999 per robot and individual customers at $599 per robot. The pilot conducted with four schools reported an improvement of 34% among 67% of the students.

Expand

Investment Overview

Raised this Round: Raised: $328,600

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/02/2020
Close Date
07/29/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$450

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$19,200,000

Company & Team

Company

Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Columbia, South Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Laura Boccanfuso
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$10,493
 Runway
24+ months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$14,923

$1,265

 

 

Net Income

$-125,912

$-12,810

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$317,269

$63,606

Accounts Receivable

$0

$0

Total Assets

$695,699

$129,346

Short-Term Debt

$8,393

$75

Long-Term Debt

$109,075

$100,075

Total Liabilities

$117,468

$100,150

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
07/29/2021 StartEngine $19,200,000 $328,600 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
ABii by Van Robotics on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,200,000
Price per Share: $10.00

Follow company

Follow ABii by Van Robotics on StartEngine

Buy ABii by Van Robotics's Deal Report

Warning: according to the close date for this deal, ABii by Van Robotics may no longer be accepting investments.

ABii by Van Robotics Deal Report

Get Kingscrowd's comprehensive report on ABii by Van Robotics including:

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

Buy the ABii by Van Robotics deal report for only $10!

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