Boodskap

Boodskap

Closed: Oct. 2023

About this raise

Boodskap, with a valuation of $14 million, is raising funds on Title3Funds. The company has developed a self-serving IoT platform with capabilities including device agnostics, streaming data, and building complex applications. The Boodskap platform is an end-to-end no-code platform that enables companies to go to market quickly and cost-effectively without compromising on quality. Boodskap is led by an experienced team and has generated $1.8 million in lifetime revenue. Jegan Vincent, Amal Jesayen, and Rajesh Soundarapandian founded Boodskap in January 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, cloud hosting, future wages, and general working capital.

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Investment Overview

Invested this round: $41,850

Deal Terms

Total Commitments

Platform
Title3Funds
Start Date
02/16/2023
Close Date
10/21/2023
Min. Goal
$10,000
Max Goal
$1,235,000
Min. Investment

$280

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.40

Pre-Money Valuation

$14,000,000

Company & Team

Company

Year Founded
2017
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Dallas, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
43
Prior Founder Exits?
No
Founder Name
Jegan Vincent
Title
CEO
Founder Name
Amal Jesayen
Title
COO
Founder Name
Rajeh Soundarapandian
Title
Managing Director

Financials

 Revenue -4.1% YoY
$544,655
as of FY2021
 Monthly Burn
Profitable
as of FY2021
 Cash on Hand
$75,559
as of FY2021
 Gross Margin
93%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$544,655

$568,159

COGS

$36,040

$31,642

Tax

$1,738

$0

 

 

Net Income

$39,661

$125,755

Summary Balance Sheet

FY 2021 FY 2020

Cash

$75,559

$52,356

Accounts Receivable

$100,608

$100,825

Total Assets

$250,453

$212,696

Short-Term Debt

$81,153

$89,578

Long-Term Debt

$0

$0

Total Liabilities

$81,153

$89,578

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/21/2023 Title3Funds $14,000,000 $41,850 Equity - Common Funded RegCF
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Add to portfolio
Boodskap on Title3Funds 2023
Platform: Title3Funds
Security Type: Equity - Common
Valuation: $14,000,000
Price per Share: $1.40

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Follow Boodskap on Title3Funds 2023

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