ElectroSpit

ElectroSpit

Early Stage

Mobile talkbox instrument for musicians of any skill level Invest

Mobile talkbox instrument for musicians of any skill level Invest

Overview

Raised this Round: Raised: $133,805

Total Commitments ($USD)

Platform

Republic

Start Date

08/07/2022

Close Date

12/28/2022

Min. Goal
$25,000
Max. Goal
$535,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

Medtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Oakland, California

Business Type

Growth

ElectroSpit, with a valuation of $8 million, is raising funds on Republic. The company has created an iconic mobile and tubeless talkbox for the future. The talkbox has an integrated iOS synth app and rechargeable batteries to make it convenient and wearable for use anytime and anywhere. The talkbox and app, ESX-1, can also be integrated with an existing setup and have a modular user experience. ElectroSpit has been awarded first place at Guthman Musical Instrument Competition and has been featured on the #1 hit ‘Levitating’ by Dua Lipa. Bosco Kante and Maya Kante founded ElectroSpit in November 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for manufacturing more units of ESX-1 and designing ESX-2.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$290,536

$362,688

COGS

$112,456

$283,354

Tax

$0

$0

 

 

Net Income

$127,147

$-3,011

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$229,554

$12,200

Accounts Receivable

$0

$0

Total Assets

$355,001

$66,781

Short-Term Debt

$49,418

$137,434

Long-Term Debt

$312,040

$70,880

Total Liabilities

$361,458

$208,314

Financials as of: 08/07/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ElectroSpit 12/27/2022 Republic $8,000,000 $133,805 SAFE Funded RegCF
ElectroSpit 09/29/2019 Microventures $5,000,000 $61,831 Convertible Note Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
ElectroSpit on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

Follow company

Follow ElectroSpit on Republic 2022

Buy ElectroSpit's Deal Report

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

ElectroSpit Deal Report

Get KingsCrowd’s comprehensive report on ElectroSpit including:

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

Buy the ElectroSpit deal report for only $10!

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