Contiq

[Closed for Investment] Contiq, with a $9 million valuation cap, is raising funds on SeedInvest. The company has developed an artificial intelligence-powered buyer intelligence platform that helps sellers win deals faster. The platform analyses data to recommend the most effective content for deals and provides a superior and hyper-personalized customer engagement experience. Contiq was founded by Arun Lal and Rahul Kapoor in 2016. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for sales, marketing, and product development. Contiq works on a SaaS subscription business model and has already closed deals with Deloitte and VMware. The company has signed up over 700 users since its launch in January 2020 and is in discussions for additional pilots in the second quarter of 2020.

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Investment Overview

Raised this Round:
$508,106 - RegCF
$1,504,683 - Total

Deal Terms

Total Commitments ($USD)

Platform
SeedInvest
Start Date
06/01/2020
Close Date
07/22/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$0.43

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2016
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Location
Sunnyvale, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Founder Name
Arun Lal
Title
CMO
Founder Name
Rahul Kapoor
Title
CEO

Financials

 Revenue +925% YoY
$372,000
 Monthly Burn
$15,607
 Runway
24+ months
Gross Margin
82%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$325,734

$36,300

COGS

$60,229

$57,296

Tax

$0

$0

 

 

Net Income

$-187,284

$-835,092

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$468,793

$7,950

Accounts Receivable

$123,152

$0

Total Assets

$1,940,555

$546,255

Short-Term Debt

$347,821

$226,220

Long-Term Debt

$960,000

$450,000

Total Liabilities

$1,307,821

$676,220

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/22/2020 SeedInvest $9,000,000 $1,533,783 Equity - Preferred Funded RegCF / RegD 506(c)
07/22/2020 SeedInvest $9,000,000 $1,504,683 Equity - Preferred Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Contiq on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $9,000,000
Price per Share: $0.43

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Warning: according to the close date for this deal, Contiq may no longer be accepting investments.

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