Overview
Raised: $150,363
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/13/2021
Close Date
04/28/2023
Min. Goal
$10,005
Max. Goal
$249,600
Min. Investment
$104
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.40
Pre-Money Valuation
$6,612,320
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$210
Momentum
Funded
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Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
AIEDC, with a post-money valuation of $6.86 million, is raising funds on NetCapital. The company makes 5G-cloud mobile apps and provides machine learning for small businesses to create their own apps. The Artificial Intelligence Economic Development Corporation (AIEDC) provides Artificial Intelligence as a Service (AIaaS). Leonard S. Johnson founded AIEDC in 2017. The current crowdfunding round of the company has a minimum target of $10,004.80 and a maximum target of $249,600, and the proceeds will be used for cloud computing and data hosting, management compensation, outsourced development compensation, and SG&A. AIEDC is led by a team of entrepreneurs, leading scientists, and machine learning leads. The company has a multi-year partnership agreement with the Lodz University of Technology and expects to generate high revenues soon.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-24,600 |
$-29,600 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,802 |
$31,254 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,802 |
$31,254 |
|
Short-Term Debt |
$600 |
$600 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$600 |
$600 |
Financials as of: 05/13/2021
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