CODAworx is raising funds on Wefunder at a valuation of $9.54 million, which translates to a revenue multiple of 12.53. This valuation appears appropriate, given the company's revenue and growth potential. CODAworx operates as a marketplace for public artwork projects, connecting companies with experienced artists for public art projects. With over 9,208 projects listed and a total project value of $4+ billion, CODAworx has established itself as a prominent platform in the US art market.

Considering CODAworx's position in the industry, its partnerships, and its unique value proposition to artists and companies in the public art space, the current valuation of $9.54 million is appropriate. Overall, the valuation of CODAworx aligns with its current stage of growth and market position. When evaluating the investment opportunity, investors should consider the company's strong traction, revenue growth, and potential for further expansion in the public art industry.

CODAworx operates in the US Art Market, which is estimated to be worth $30.2 billion. With a focus on public art projects, CODAworx is uniquely positioned in this market, offering a platform that connects artists and organizations for commissioned work. The platform caters to many users, including artists, engineers, lighting companies, art consultants, public art agencies, real estate developers, and corporates.

Several factors are driving the growth of the public art market. One key trend is the increased community engagement in public art projects, with artists involving local communities in the design and creation process. This approach ensures that the artworks address the specific needs and desires of the people who live in the area. Other trends include urban regeneration through art, increased corporate sponsorship for public art initiatives, and using art as a platform for social change.

The market is seeing an increase in private corporations and businesses' involvement in public art initiatives, supporting large-scale projects and installations. This corporate sponsorship trend presents a significant opportunity for CODAworx, as more organizations and companies seek experienced artists for their projects and the market recovers from the COVID pandemic.

While the overall US Art Market growth rate is 8%, the above trends indicate the potential for higher growth in the public art segment, which is CODAworx's focus. The platform's unique proposition, combined with the growing interest and investment in public art projects, suggests a promising outlook for CODAworx in this market.

Overall, CODAworx is operating in a growing market with significant potential, driven by socio-cultural trends and increasing corporate involvement in public art initiatives.

CODAworx was founded by CEO Toni Sikes, who has an impressive three decades of experience in the art world. Sikes is a seasoned art industry professional with a deep understanding of the commissioned art process. She has successfully built CODAworx into a leading marketplace for public artwork projects.

As the CEO, Sikes brings high-level managerial skills to the team and has a strong track record of success. She has raised significant capital for CODAworx and has built a diverse team of professionals dedicated to the company's mission.

While the team is relatively small, with just seven members, they have demonstrated their ability to grow and adapt to the needs of the industry. With Sikes at the helm, the team is well-positioned to continue expanding CODAworx's reach and impact in the art market.

CODAworx differentiates itself by offering a comprehensive platform and services specifically tailored to the public art industry. While there are indirect competitors in the form of state-specific project repositories, CODAworx does not face many direct competitors in its space. This lack of competition allows CODAworx to become the go-to marketplace for public artwork projects.

One of the key differentiators of CODAworx is its CODAMADE joint venture, which aims to bring non-fungible tokens (NFTs) to the public art industry. This initiative demonstrates CODAworx's commitment to innovation and staying at the forefront of industry trends. Additionally, CODAworx has achieved significant traction with over 9,208 projects listed on its platform, totaling more than $4 billion in project value. The platform also boasts a large user base, with 15,993 registered users.

With its proprietary software products, publications, services, and events, CODAworx provides a one-stop platform for creative individuals, including artists, engineers, media services, and lighting companies, as well as commissioners such as art consultants, public art agencies, real estate developers, and corporates. This comprehensive approach sets CODAworx apart from other platforms that may only offer a subset of these services.

CODAworx has shown strong growth and success in the public art industry. The company has developed a comprehensive platform that connects companies and organizations with experienced artists for public art projects. With over 9,200 projects listed and a total project value of over $4 billion, CODAworx has established itself as a leading marketplace in the industry. The platform has attracted 15,993 registered users, indicating a strong service demand.

Regarding partnerships and sponsorships, CODAworx has formed significant collaborations with notable organizations such as Interior Design magazine, Architects Foundation, Panasonic, Barco, Epson, SNA Displays, and Adobe. These partnerships provide CODAworx with valuable exposure and access to a wide network of industry professionals.

Despite being in the early stages of development and not yet profitable, CODAworx has demonstrated promising revenue growth. The company generated $761,662 in annual revenue, representing a growth rate of 40%. This growth highlights the increasing demand for public art projects and the effectiveness of CODAworx's platform in connecting artists with clients.

In summary, CODAworx's strong revenue growth, partnerships with industry leaders, and unique position in the market make it an attractive prospect for investors. With a growing user base and a valuation of $9.54 million, CODAworx has the potential to continue its growth trajectory and solidify its position as a key player in the public art industry.

CODAworx operates in a niche market, connecting companies with experienced artists for public art projects. While this space has indirect competitors, CODAworx does not face much direct competition. This can beg the question of whether or not there is market demand for the product. The company's substantial traction does mitigate this risk. The public art market is recovering from pandemic lows, like many other industries. Public art projects already in progress or planned before the pandemic may have faced delays or cancellations due to logistical challenges, workforce disruptions, and shifting priorities. The economic fallout from the pandemic also resulted in budget constraints for various stakeholders, including government agencies, corporations, and private sponsors. This reduced funding availability for public art projects and made it challenging to finance new initiatives.

CODAworx is well-positioned in the niche market of public artwork projects. The company's marketplace and proprietary software products provide a unique platform that connects companies with experienced artists for public art projects. CODAworx is a one-stop platform for creative professionals and commissioners in the public art industry with a comprehensive range of services and events.

CODAworx has demonstrated strong revenue growth, with annual revenue reaching $761,662.00. The company has successfully built partnerships and collaborations with various stakeholders in the art industry, including art consultants, public art agencies, real estate developers, and corporations. These partnerships enhance CODAworx's market reach and provide a significant competitive advantage.

Overall, CODAworx's strong revenue growth, strategic partnerships, and unique market position bode well for its future success. With an appropriate valuation of $9.54 million, the company's current crowdfunding campaign is an opportunity for investors to support CODAworx's continued expansion and development of its platform and services.

CODAworx operates in a niche market, serving as a marketplace for public artwork projects. While the company has seen some revenue growth, it remains in the pre-profit stage. Moreover, CODAworx faces limited competition in its industry, which may indicate a lack of demand or interest or market demand. Additionally, the public art market is still recovering from the lows inflicted by the pandemic.

CODAworx is a marketplace for the public art industry, connecting companies with experienced artists for public art projects. The platform offers proprietary software products, publications, services, and events related to public art. It has gained traction with over 9,200 listed projects and a total project value of $4+ billion. With 15,993 registered users and major partnerships with industry leaders like Interior Design Magazine, Architects Foundation, Panasonic, Barco, Epson, SNA Displays, and Adobe, CODAworx has established itself as a key player in the industry.

The market drivers and trends in the public art industry favor CODAworx's growth. Collaborative and community-driven public art projects are on the rise, focusing on engaging local communities and addressing their specific needs. Public art is also recognized for its role in urban regeneration, attracting corporate sponsorships and driving tourism. Artists use public art as a platform for social change, raising awareness about various causes and inspiring dialogue. The market is still recovering from lows during the pandemic when art was not prioritized.

Overall, CODAworx is an early-stage company with a unique value proposition in the public art industry. It has established itself as a reputable marketplace and has the potential to capitalize on the growing demand for public art projects.

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