Beetexting
Early Stage
Software that helps brands text with their prospects and customers
Analytics
Raised: $244,600
Aggregate Commitments $
Platform
Wefunder
Start Date
04/28/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$7,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
05/27/2022
Days Remaining
338
% of Min. Goal
489%
% of Max. Goal
23%
Likelihood of Max
Avg. Daily Raise
$8,434
Momentum
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Location
Bloomington, Illinois
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Beetexting, with a valuation of $7 million, is raising funds on Wefunder. The company has developed software that allows teams to text with customers on company lines. The aim of Beetexting is to transform everyday communication talks into experiences and help businesses develop an empathetic mindset. Beetexting is already built and ready to sell and has over $27,000 in product ARR. Nageswar Bijivemula founded Beetexting in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales and marketing, research and development, and contingency capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$468,955 |
$350,782 |
|
COGS |
$282,484 |
$16,419 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-124,581 |
$-81,380 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$57,078 |
$12,538 |
|
Accounts Receivable |
$39,881 |
$12,539 |
|
Total Assets |
$155,131 |
$35,386 |
|
Short-Term Debt |
$32,406 |
$27,964 |
|
Long-Term Debt |
$2,878 |
$2,765 |
|
Total Liabilities |
$35,284 |
$30,729 |
Financials as of: 04/28/2022
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