CIRQ+
Smart + Clean Automation
Overview
Raised: $64,515
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/17/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$1,234,993
Min. Investment
$250
Security Type
Equity - Preferred
Series
Seed
Funding Type
RegCF
Price Per Share
$8.50
Pre-Money Valuation
$28,571,713
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
129%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$838
# of Investors
18
Momentum
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Location
Scottsdale, Arizona
Industry
Travel and Hospitality
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
CIRQ+, with a valuation of $28.6 million, is raising funds on Wefunder. The company provides a smart automation platform for commercial properties. The flagship product of CIRQ+, CBOT, is the world’s first autonomous disinfection robot that can protect offices, schools, senior living, and healthcare. The platform also connects to room devices in commercial buildings and reduces energy usage by up to 40%. Yani Deros and Jodi Deros founded CIRQ+ in December 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$30,000 |
$0 |
|
COGS |
$408,649 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-598,828 |
$160,866 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,673 |
$4,995 |
|
Accounts Receivable |
$0 |
$44,400 |
|
Total Assets |
$2,521 |
$344,902 |
|
Short-Term Debt |
$873,541 |
$605,920 |
|
Long-Term Debt |
$1,000,000 |
$1,000,000 |
|
Total Liabilities |
$1,873,541 |
$1,605,920 |
Financials as of: 11/17/2022
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