Citizen Portal

Citizen Portal

Closed: Aug. 2024

About this raise

Citizen Portal, with a valuation of $8.03 million, is raising funds on StartEngine. It is an AI-powered platform that aims to revolutionize civic engagement, revive transparency, and transform American democracy. Citizen Portal transcribes and summarises government meetings and makes it easy for people to search and track keywords and topics discussed. The platform, thus, helps strengthen democracy and revive government transparency. Paul Brent Allen founded Citizen Portal in January 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, content development, and working capital.

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Investment Overview

Invested this round: $1,371,606

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/13/2023
Close Date
08/19/2024
Min. Goal
$15,000
Max Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.53

Pre-Money Valuation

$8,027,212

Company & Team

Company

Year Founded
2023
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Alpine, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
Yes
Founder Name
Christen Allen
Title
Board Member
Founder Name
Paul Allen
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$16,994
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$321,938

$0

COGS

$450,000

$0

Tax

$0

$0

 

 

Net Income

$-203,932

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,811

$0

Accounts Receivable

$67,500

$0

Total Assets

$707,768

$0

Short-Term Debt

$239,995

$0

Long-Term Debt

$0

$0

Total Liabilities

$239,995

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$426,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/19/2024 StartEngine $8,027,212 $1,371,606 Equity - Common Funded RegCF
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Add to portfolio
Citizen Portal on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,027,212
Price per Share: $0.53

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Follow Citizen Portal on StartEngine 2023

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Warning: according to the close date for this deal, Citizen Portal may no longer be accepting investments.

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