axxios (previously Atmos Home)

axxios (previously Atmos Home)

About this raise

axxios, with a valuation of $24 million, is raising funds on StartEngine. The company is in the pre-revenue stage and building private smart home control ecosystems. The home control system of axxios does not depend on servers in the cloud to store the data and keeps the data completely private. The emphasis of private home control systems is privacy, simplicity, and ease of use. Mark Lyle and Chris Ladwig founded axxios in August 2017. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $3,608,621.10. The campaign proceeds will be used to launch the product and develop multiple new products.

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Investment Overview

Invested this round: $158,325

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
06/20/2022
Close Date
11/15/2022
Min. Goal
$10,000
Max Goal
$3,608,621
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.45

Pre-Money Valuation

$24,038,627

Company & Team

Company

Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Brooksville, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
Yes
Founder Name
Mark Lyle
Title
CEO
Founder Name
Chris Ladwig
Title
CDO

Financials

 Revenue
$0
 Monthly Burn
$54,839
 Runway
1.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-658,073

$-595,649

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$66,748

$66,815

Accounts Receivable

$2,300

$2,300

Total Assets

$73,020

$72,284

Short-Term Debt

$225,644

$239,822

Long-Term Debt

$149,900

$149,900

Total Liabilities

$375,544

$389,722

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,689,535
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
axxios (previously Atmos Home) 11/15/2022 StartEngine $24,038,627 $158,325 Equity - Common Funded RegCF
Atmos Home 09/01/2021 StartEngine $12,000,000 $1,398,380 Convertible Note Funded RegCF
Atmos Home 11/01/2018 StartEngine $4,500,000 $230,451 Equity - Common Funded RegCF
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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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axxios on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,038,627
Price per Share: $0.45

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Follow axxios on StartEngine 2022

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