Cityzenith

3D Digital Twin Solutions for the Global Building Industry

Analytics

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

Aggregate Commitments $

Platform

Wefunder

Start Date

07/06/2021

Close Date

01/31/2022

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series E

Price Per Share

$1.50

Pre-Money Valuation

$36,400,000

Rolling Commitments $

Status
Funded
Reporting Date

02/06/2022

Days Remaining
Funded
% of Min. Goal

2,222%

% of Max. Goal

22%

Likelihood of Max
Funded
Avg. Daily Raise

$5,316

Momentum
Funded
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Location

Chicago, Illinois

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

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: 07/06/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cityzenith 09/30/2022 Issuance $39,400,000 $2,390,052 Equity - Common Active RegA+
Cityzenith 01/31/2022 Wefunder $36,400,000 $1,111,078 Equity - Common Funded RegCF
Cityzenith 11/30/2020 StartEngine $27,461,863 $720,779 Equity - Common Funded RegA+
Cityzenith 10/31/2019 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
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