Citizen Portal
Early Stage
The Future of Democracy
Overview
Raised: $1,286,832
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/12/2023
Close Date
06/17/2024
Min. Goal
$15,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.53
Pre-Money Valuation
$8,027,212
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
40
% of Min. Goal
8,579%
% of Max. Goal
26%
Likelihood of Max
Avg. Daily Raise
$7,270
# of Investors
1,747
Momentum
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Year Founded
2023
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 11/12/2023
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