Ducere Global Business School
Growth Stage
Redefining the Future of Higher Education
Overview
Raised: $186,521
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/25/2024
Close Date
04/29/2024
Min. Goal
$15,000
Max. Goal
$1,234,998
Min. Investment
$498
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$75,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,961
Momentum
Funded
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Year Founded
2019
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Ducere Global Business School, with a valuation of $75 million, is raising funds on StartEngine. It is a global education group that provides undergraduate and postgraduate business degrees. Ducere Global Business School equips students with industry-relevant career skills with its degrees accredited by universities across the world. The business school has received recognition from the US Congress, CEO Magazine, WISE Awards, and EdTechX Global and is successful in the global online education market. Mathew Jacobson founded Ducere Global Business School in January 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, marketing, loan reduction, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$4,477,493 |
$5,502,183 |
|
COGS |
$271,000 |
$177,000 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,452,673 |
$-919,729 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$57,016 |
$127,636 |
|
Accounts Receivable |
$85,786 |
$188,163 |
|
Total Assets |
$501,527 |
$475,121 |
|
Short-Term Debt |
$2,711,345 |
$1,179,573 |
|
Long-Term Debt |
$129,438 |
$137,169 |
|
Total Liabilities |
$2,840,783 |
$1,316,742 |
Financials as of: 02/25/2024
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