AIEDC

AIEDC

About this raise

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.

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Investment Overview

Invested this round: $150,363

Deal Terms

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    Open SEC Filing

Price Per Share

$10.40

Pre-Money Valuation

$6,612,320

Company & Team

Company

Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Huntington Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Leonard Johnson
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$2,050
 Runway
5.8 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Netcapital $6,612,320 $150,363 Equity - Common Funded RegCF
05/12/2021 Netcapital $6,861,920 $0 Equity - Common Funded Test the Waters
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
AIEDC on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,612,320
Price per Share: $10.40

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Follow AIEDC on NetCapital

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Warning: according to the close date for this deal, AIEDC may no longer be accepting investments.

AIEDC Deal Report

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