Edge

Edge

Early Stage

Decentralized data security platform for private, decentralized applications

Decentralized data security platform for private, decentralized applications

Overview

Raised to Date: Raised: $304,708

Platform

Wefunder

Start Date

10/23/2016

Close Date

12/09/2016

Min. Goal
$100,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Year Founded

2013

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Location

San Diego, California

Edge, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a decentralized data security platform for private and decentralized applications. The platform, Airbitz, enables developers to build apps that secure users’ data by encrypting the data before it ever touches a network or server. The company has had over 200,000 installs of the Airbitz wallet, with almost 800 new installs every day. Paul Puey and Kevin Sullivan founded Edge in October 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used to pay for third-party app integrations, hire engineers, and bring in new partnerships.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-536,633

$-606,414

Summary Balance Sheet

FY 2015 FY 2014

Cash

$154,146

$33,509

Accounts Receivable

$0

$0

Total Assets

$166,527

$48,746

Short-Term Debt

$94,771

$1,943

Long-Term Debt

$836,671

$300,084

Total Liabilities

$931,442

$302,027

Financials as of: 10/23/2016
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Edge on Wefunder 2016
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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