Contiq

Contiq

Early Stage

AI-powered buyer intelligence platform, helping B2B sellers win deals faster

AI-powered buyer intelligence platform, helping B2B sellers win deals faster

Overview

Raised to Date:
$508,106 - RegCF
$1,504,683 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

05/31/2020

Close Date

07/21/2020

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/01/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$9,963

Momentum
Funded
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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

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.

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

Financials as of: 05/31/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Contiq 09/21/2020 SeedInvest $9,000,000 $1,533,783 Equity - Preferred Funded RegCF / RegD 506(c)
Contiq 07/21/2020 SeedInvest $9,000,000 $1,504,683 Equity - Preferred Funded RegCF / RegD 506(c)
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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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