This company is no longer in business. Investors can get details about any potential exits or failures here.

Cityzenith

Cityzenith

Growth Stage

3D Digital Twin Solutions for the Global Building Industry

3D Digital Twin Solutions for the Global Building Industry

Overview

Raised to Date: Raised: $1,111,078

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/05/2021

Close Date

01/30/2022

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series E

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.50

Early Bird Valuation

$18,200,000

Pre-Money Valuation

$36,400,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/05/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,316

# of Investors

985

Momentum
Funded
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Year Founded

2009

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Chicago, Illinois

Business Type

Growth

Cityzenith, with a pre-money valuation of $36.4 million, is raising funds on Wefunder. The company has developed the SmartWorldOS Digital Twin software platform to solve the efficiency and carbon emissions problems related to buildings and infrastructure. The technology allows users to create virtual twins of physical buildings leading to cost savings and higher efficiencies. Michael Jansen founded Cityzenith in April 2009. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $5,000,000, will be used towards sales and marketing, project delivery, R&D, and working capital. Cityzenith’s technology helps cities cut costs by 35% and reduce carbon emissions by up to 100%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,000

$152,018

COGS

$0

$0

Tax

$35,693

$47,035

 

 

Net Income

$-1,585,772

$-1,292,065

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$86,144

$483,321

Accounts Receivable

$0

$71,567

Total Assets

$1,038,801

$782,094

Short-Term Debt

$3,629,553

$3,501,339

Long-Term Debt

$52,423

$0

Total Liabilities

$3,681,976

$3,501,339

Financials as of: 07/05/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cityzenith 10/10/2022 Issuance $39,400,000 $2,392,587 Equity - Common Funded RegA+
Cityzenith 01/30/2022 Wefunder $36,400,000 $1,111,078 Equity - Common Funded RegCF
Cityzenith 04/12/2021 Rialto Markets - - Equity - Common Funded RegA+
Cityzenith 11/29/2020 StartEngine $27,461,863 $720,779 Equity - Common Funded RegA+
Cityzenith 10/30/2019 Republic $20,000,000 $1,070,000 SAFE Funded RegCF
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Cityzenith on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Common
Valuation: $36,400,000
Price per Share: $1.50

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