axxios (previously Atmos Home)
Early Stage
Simplifying the Smart Home
Overview
Raised: $158,325
Total Commitments ($USD)
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
Price Per Share
$0.45
Pre-Money Valuation
$24,038,627
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,070
# of Investors
156
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 06/20/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | 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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