Cognate Language Learning
Early Stage
A truly customizable language learning solution
Overview
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
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
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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