Cityzenith
3D Digital Twin Solutions for the Global Building Industry
Analytics
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
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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