Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/19/2020

Close Date

09/20/2020

Min. Goal

$285,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    

Valuation Cap

$7,750,000

Discount

20%

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

09/19/2020

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$0

Momentum

Not Funded

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Bext360

Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Golden, Colorado

Business Type

Growth

Company Website

Bext360, with a valuation cap of $7.75 million, is raising funds on SeedInvest. The company offers a SaaS solution for the digitization of supply chain, sustainability, and access to capital. The platform uses blockchain, AI, and IoT to bring higher efficiency and transparency to supply chains of commodities. Bext360 was founded by Dan Jones in 2016 and has raised over $3.5 million in previous rounds of financing. The current crowdfunding round has a minimum target of $285,000 and a maximum target of $1,000,000. The proceeds will be used for sales & marketing and software development. Bext360 is a member of The Nature Conservancy and TechStars’ 2019 Sustainability Accelerator and was among Forbes’ Most Innovative AgTech Startups in 2018.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$335,140	$84,980
COGS	$65,125	$24,000
Tax	$0	$0
Net Income	$-463,415	$-2,004,930

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$17,232	$476,405
Accounts Receivable	$55,250	$0
Total Assets	$72,482	$476,405
Short-Term Debt	$39,206	$124,714
Long-Term Debt	$125,000	$0
Total Liabilities	$164,206	$124,714

Financials as of: 07/19/2020

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Bext360 Founder Dan Jones on Sustainable Supply Chains

Ethical sourcing is a growing concern in supply chain management. More and more consumers want to know that the products they buy were made with materials that are obtained in a sustainable way. Over 85% of American consumers are willing to boycott businesses that use irresponsible methods in their supply chains. But how can businesses be sure they are being sustainable from start to finish? And how do they share that information with their customers?

Bext360 is providing a digital solution that provides supply chain transparency. Founder Dan Jones talked to us about how working in Congo showed him the importance of supply chains and digitization.

Read Founder Interview