Cognate Language Learning

Early Stage

A truly customizable language learning solution

Overview

Raised to Date: Raised: $54,513

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/12/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$4,500,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

109%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,048

# of Investors

14

Momentum
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Location

Wilmington, Delaware

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Cognate Language Learning, with a valuation of $4.5 million, is raising funds on Wefunder. The company has developed a customizable language learning platform working towards the future of language learning. The platform uses AI to customize the content and vocabulary based on the users’ requirements, profession, interests, and goals. Cognate Language Learning has operations in Germany and has LOIs in place to reach over 5,000 users by the end of 2023. Alejandro Paschalides, Shirley Lu, and Tamim Zaki founded Cognate Language Learning in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, R&D, feature improvements, salaries, cost of goods sold, and SG&A.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-20,239

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$63,868

$0

Accounts Receivable

$0

$0

Total Assets

$119,761

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/12/2022
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Cognate Language Learning on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $4,500,000

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