BTP Automation

BTP Automation

Early Stage

The Future of Corporate Travel Procurement

The Future of Corporate Travel Procurement

Overview

Raised this Round: Raised: $111,301

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/22/2022

Close Date

10/19/2022

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Year Founded

2020

Industry

Travel and Hospitality

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

La Quinta, California

Business Type

Growth

BTP Automation, with a valuation of $10 million, is raising funds on Wefunder. The company is transforming the hotel sourcing industry through adaptive and intelligent technology. The BTP Index of BTP Automation delivers real-time hotel spend performance visibility and proactive automation of key movers of compliance and negotiations. BTP Automation has a strong early sales pipeline of $4 million and has already delivered more than $1 million in savings to their customers year-to-date. Fernando Avila founded BTP Automation in 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for hiring, additional development, marketing, and operational expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-941,414

$-171,653

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$75,033

$295,630

Accounts Receivable

$0

$0

Total Assets

$79,886

$295,630

Short-Term Debt

$7,222

$1,553

Long-Term Debt

$0

$0

Total Liabilities

$7,222

$1,553

Financials as of: 06/22/2022
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BTP Automation on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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