About this raise
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.
Investment Overview
Invested : $133,805
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/08/2022
- Close Date
- 12/28/2022
$25,000
$535,000
$100
SAFE
Early Stage
RegCF
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -19.9% YoY
- $290,536
- Monthly Burn
- Profitable
-
Cash on Hand
- $229,554
- Gross Margin
- 61%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $387,531
- VC Backed?
- Yes