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

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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Location

Bothell, Washington

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

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

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