Edsoma

Edsoma

Closed: Oct. 2022

About this raise

Edsoma, with a valuation of $14 million, is raising funds on Wefunder. The company has developed an AI-based edtech app that helps children to learn reading and grow a lifelong love of books. The app also helps parents develop their own reading skills and enables them to read to their children from any location. Edsoma offers real-time engagement and connects families through reading. Kyle Wallgren founded Edsoma in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for programming costs, sales and marketing, and operations.

Expand

Investment Overview

Invested this round: $606,325

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/16/2022
Close Date
10/15/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$10,500,000

Valuation Cap

$14,000,000

Discount

10%

Company & Team

Company

Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Brock, Texas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Kyle Wallgreen
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$11,501
 Runway
3.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-138,010

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$37,807

$0

Accounts Receivable

$360,589

$0

Total Assets

$404,231

$0

Short-Term Debt

$42,241

$0

Long-Term Debt

$0

$0

Total Liabilities

$42,241

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/15/2022 Wefunder $14,000,000 $606,325 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Edsoma on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $14,000,000

Follow company

Follow Edsoma on Wefunder 2022

Buy Edsoma's Deal Report

Warning: according to the close date for this deal, Edsoma may no longer be accepting investments.

Edsoma Deal Report

Get Kingscrowd's comprehensive report on Edsoma including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Edsoma is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Edsoma deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge