BTP Automation
Early Stage
The Future of Corporate Travel Procurement
Overview
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
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$943
# of Investors
31
Momentum
Funded
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Year Founded
2020
Industry
Travel and Hospitality
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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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