Equity - Common
SEC Filing Type
/ RegD 506(c)
Rolling Commitments ($USD)
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Business Services, Software, & Applications
Santa Monica, California
DirecTech Labs, with a pre-money valuation of $11.5 million, is raising funds on SeedInvest. The flagship product of DirecTech Labs, Distro, uses artificial intelligence and behavioral science to make the gig workers and micro-influencers more efficient and productive. The behavior profiles further allow the companies to become more successful and valuable. DirecTech Labs was founded by Jordan Zommick and Michael Bayan and has raised over $1.3 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum goal of $350,000 and a maximum goal of $2,000,000, will be used for development, marketing, team salaries, and general expenses. DirecTech Labs reported revenues of $770,000 in 2018, up 350% from the prior year, and the product performance has increased from a conversion rate of 3.28% in 2017 to 14.8% in 2019.