Boodskap

Boodskap

Early Stage

No-code, low-code IoT platform

No-code, low-code IoT platform

Overview

Raised to Date: Raised: $41,850

Total Commitments ($USD)

Platform

Title3Funds

Start Date

02/15/2023

Close Date

10/21/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$280

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.40

Pre-Money Valuation

$14,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$169

Momentum
Funded
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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

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.

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

Financials as of: 02/15/2023
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Boodskap on Title3Funds 2023
Platform: Title3Funds
Security Type: Equity - Common
Valuation: $14,000,000
Price per Share: $1.40

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