Avimesa
Early Stage
Industrial IoT Platform
Overview
Raised: $115,063
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/18/2021
Close Date
04/19/2022
Min. Goal
$9,999
Max. Goal
$1,069,995
Min. Investment
$131
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$18.76
Pre-Money Valuation
$12,185,258
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$632
# of Investors
44
Momentum
Funded
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Year Founded
2016
Industry
Industrial Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Avimesa, with a valuation of $12.2 million, is raising funds on StartEngine. The company has developed an industrial IoT platform that connects thousands of off-the-shelf sensors from various suppliers to monitor the Internet remotely. A variety of low-power sensors, including movement, force, radar, pollution, and humidity, can be used to gain business intelligence on anything. Joe Austin and Jake Fields founded Avimesa in December 2016. The current crowdfunding campaign has a minimum target of $9,999.08 and a maximum target of $1,069,995.36. The campaign proceeds will be used for development and implementation.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$81,756 |
$108,078 |
|
COGS |
$8,975 |
$37,589 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-439,267 |
$-530,414 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,491 |
$133,007 |
|
Accounts Receivable |
$7,144 |
$0 |
|
Total Assets |
$186,992 |
$288,742 |
|
Short-Term Debt |
$30,680 |
$19,854 |
|
Long-Term Debt |
$284,604 |
$120,913 |
|
Total Liabilities |
$315,284 |
$140,767 |
Financials as of: 10/18/2021
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