Brite
Early Stage
Helping STEM educators to manage their programs and engage students
Overview
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
Funding Type
RegCF
Valuation Cap
$8,000,000
Discount Rate
0%
Rolling Commitments ($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
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Founder Profile
Location
Bothell, Washington
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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
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