Brite

Early Stage

Helping STEM educators to manage their programs and engage students

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

11/10/2022

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    Open SEC Filing

Valuation Cap

$8,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

02/01/2023

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2020

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Bothell, Washington

Business Type

Growth

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: 11/10/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Founder Profile

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

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Brite on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

Follow company

Follow Brite on Republic 2022
View on Republic (Closed)