Destiny Robotics (2023)

Destiny Robotics (2023)

Closed: Sep. 2023

About this raise

Destiny Robotics is raising funds on TruCrowd. The company has developed the first humanoid human assistant with its socially intelligent humanoid robot. Destiny aims to redefine human connection and serve as the personal assistant and trustworthy companion to millions of people looking for automated helpers. Destiny Robotics is led by a world-class team and backed by Google for Startups and NVIDIA Inception. Megi Kavtaradze founded Destiny Robotics in September 2021. The current crowdfunding campaign has a minimum target of $5,000 and a maximum target of $124,000. The campaign proceeds will be used for product development, business development, and operations.

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Investment Overview

Invested this round: $53,250

Deal Terms

Total Commitments

Platform
truCrowd
Start Date
03/27/2023
Close Date
09/20/2023
Min. Goal
$5,000
Max Goal
$124,000
Min. Investment

$250

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Megi Kavtaradze
Title
CEO

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
$8,693
as of FY2022
 Runway
3.7 months
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-104,311

$-2,310

Summary Balance Sheet

FY 2022 FY 2021

Cash

$31,867

$1,190

Accounts Receivable

$0

$0

Total Assets

$32,627

$1,415

Short-Term Debt

$600

$0

Long-Term Debt

$1,765

$0

Total Liabilities

$2,365

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$141,455
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/20/2023 truCrowd - $53,250 SAFE Funded RegCF
07/06/2022 Wefunder $25,000,000 $141,455 SAFE Funded RegCF
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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

Employee History

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Destiny Robotics on TruCrowd 2023
Platform: truCrowd
Security Type: SAFE

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

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