Edge Tech Labs

Edge Tech Labs

Early Stage

Three amazing brands, one special company with a proven global strategy

Three amazing brands, one special company with a proven global strategy

Overview

Raised this Round: Raised: $82,371

Platform

Republic

Start Date

09/07/2017

Close Date

11/11/2017

Min. Goal
$50,000
Max. Goal
$400,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Year Founded

2013

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Location

Arlington, Virginia

Edge Tech Labs, with a valuation of $4 million, is raising funds on Republic. It is a full-stack software and hardware company specializing in state-of-the-art products. Edge Tech Labs currently owns three brands, DrinkMate, Fret Zealot, and VineTracks, that offer high-tech products to the market. The business has a global distribution network with users in over 110 countries and reported a 200% revenue growth from 2015 to 2016. Shaun Masavage founded Edge Tech Labs in August 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for research and development, manufacturing, equipment purchases, repayment of debt, and general working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$339,964

$138,587

COGS

$158,739

$276,242

Tax

$0

$0

 

 

Net Income

$-130,433

$-228,081

Summary Balance Sheet

FY 2016 FY 2015

Cash

$99,330

$94,071

Accounts Receivable

$46,638

$0

Total Assets

$211,880

$163,471

Short-Term Debt

$307,500

$0

Long-Term Debt

$210,000

$346,157

Total Liabilities

$517,500

$346,157

Financials as of: 09/07/2017
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Edge Tech Labs on Republic 2017
Platform: Republic
Security Type: SAFE
Valuation: $4,000,000

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