COLTIE
Early Stage
Connecting Academia
Overview
Raised: $57,900
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/21/2024
Close Date
05/31/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
23
% of Min. Goal
116%
% of Max. Goal
47%
Likelihood of Max
Avg. Daily Raise
$762
# of Investors
23
Momentum
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Year Founded
2023
Industry
Business Services, Software, & Applications
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
COLTIE, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an app that connects students to the right advisors. COLTIE uses AI-driven matching for student-faculty connections and is tailored for mentorship, referrals, and overall convenience and value for the users. The MVP app is ready to launch with over 150 students pre-registered for app launch. Robbyn Kimberly Anand, Tony Thrush, and Anuj Sharma founded COLTIE in March 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for app development, data gathering and data science, marketing, and product enhancement.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$4,831 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$584 |
$0 |
| ||
| ||
|
Net Income |
$-162,481 |
$0 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$33,273 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$34,273 |
$0 |
|
Short-Term Debt |
$19,754 |
$0 |
|
Long-Term Debt |
$50,000 |
$0 |
|
Total Liabilities |
$69,754 |
$0 |
Financials as of: 02/21/2024
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