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DirecTech Labs

DirecTech Labs

Early Stage

Platform helping businesses better leverage their gig workers, micro-influencers, and social sellers

Platform helping businesses better leverage their gig workers, micro-influencers, and social sellers

Overview

Raised this Round:
$315,324 - RegCF
$665,324 - Total

Total Commitments ($USD)

Platform

SeedInvest

Start Date

08/04/2019

Close Date

09/20/2019

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$1,000

Security Type

Equity - Common

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$0.70

Pre-Money Valuation

$11,525,000

Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

Location

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.
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DirecTech Labs on SeedInvest
Platform: SeedInvest
Security Type: Equity - Common
Valuation: $11,525,000
Price per Share: $0.70

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