Edsoma
Early Stage
AI-based EdTech App building Future Leaders, connecting families
Overview
Raised: $606,325
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/15/2022
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
Early Bird Val. Cap
$10,500,000
Valuation Cap
$14,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,516
# of Investors
169
Momentum
Funded
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Year Founded
2021
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 02/15/2022
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