DDM Systems

DDM Systems

Growth Stage

The Future Of Precision Metal Casting

The Future Of Precision Metal Casting

Overview

Raised to Date: Raised: $110,900

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

05/11/2023

Close Date

10/07/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$400

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$71,458,723

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

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

$744

# of Investors

5

Momentum
Funded
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Year Founded

2012

Industry

Industrial Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

ATLANTA, Georgia

Business Type

Growth

DDM Systems is raising funds on Dealmaker Securities. The company is creating the future of precision metal casting with its Digital Foundry technology. The innovative technology of DDM Systems removes the lengthy processes in the investment casting process and makes the production of advanced metal components faster and more cost-effective. DDM Systems is led by an experienced team and has customers including Toyota, the US Air Force, Husky, and the US Department of Energy. Suman Das and John Halloran founded DDM Systems in March 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,137,782

$880,585

COGS

$641,313

$433,916

Tax

$0

$0

 

 

Net Income

$-272,498

$-575,110

Summary Balance Sheet

FY 2022 FY 2021

Cash

$52,192

$171,217

Accounts Receivable

$0

$24,674

Total Assets

$129,076

$917,966

Short-Term Debt

$1,963,399

$2,479,800

Long-Term Debt

$3,664,426

$3,664,417

Total Liabilities

$5,627,825

$6,144,217

Financials as of: 05/11/2023
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DDM Systems on Dealmaker Securities 2023
Platform: Dealmaker Securities
Security Type: Equity - Preferred
Valuation: $71,458,723
Price per Share: $2.00

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Follow DDM Systems on Dealmaker Securities 2023

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

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