Overview

Raised to Date: Raised: $0

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

11/09/2022

Close Date

01/31/2023

Min. Goal

$25,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$8,000,000

Discount

0%

Venture Capital Investors:

Techstars

Capital Eleven

Avalanche VC

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

01/31/2023

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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Brite

Year Founded

2020

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Bothell, Washington

Business Type

Growth

Company Website

Brite, with a valuation of $8 million, is raising funds on Republic. It is a turnkey STEM education platform that helps educators teach kids and run and grow a STEM academy. The platform contains a catalog of curated STEM courses, education management tools and resources, and turnkey solutions to run and grow an academy. Brite is focused on empowering non-technical educators and has reported an average 30% month-over-month growth rate. Dmitry Litvinov and Renato Costa founded Brite in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for engineering, sales and marketing, content metrics, hiring, and expansion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$175,547	$0
COGS	$202,675	$0
Tax	$0	$0
Net Income	$-240,570	$-22

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$286,684	$9,985
Accounts Receivable	$0	$0
Total Assets	$286,684	$9,985
Short-Term Debt	$15,996	$7
Long-Term Debt	$351,207	$0
Total Liabilities	$367,203	$7

Financials as of: 11/09/2022

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Brite Co-founder Dmitry Litvinov on Brite's Edtech Marketplace

In our increasingly digital world, having computer science skills is not just convenient — it’s necessary. But many schools are struggling to adapt their curriculum to offer computer science classes. The best solution available are after-school programs, but these still need teachers and lessons that schools often can’t provide.

Brite was created as a solution to this problem. It’s an educational technology (edtech) platform focused on providing pre-made lessons in science, technology, engineering, and mathematics (STEM). The platform provides ready-to-use curriculum that any teacher can oversee. We reached out to co-founder Dmitry Litvinov to learn more about his background in STEM education and Brite’s strategy for providing investor returns.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview