Ducere Global Business School

Ducere Global Business School

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Invested this round: $186,521

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
02/26/2024
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    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$75,000,000

Company & Team

Company

Year Founded
2019
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Newport Beach, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
26
Prior Founder Exits?
Yes
Founder Name
Mathew Jacobson
Title
CEO, President

Financials

as of Fiscal Year 2023
 Revenue -18.6% YoY
$4,477,493
 Monthly Burn
$121,056
 Runway
0.5 months
Gross Margin
94%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 StartEngine $75,000,000 $186,521 Equity - Common Funded RegCF
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Ducere Global Business School on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $75,000,000
Price per Share: $3.00

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