Elemental Computing
Early Stage
Web2 to Web3, Fast
Overview
Raised: $7,988
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/04/2022
Close Date
01/02/2023
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/02/2023
Days Remaining
Not Funded
% of Min. Goal
80%
% of Max. Goal
1%
Likelihood of Max
Not Funded
Avg. Daily Raise
$89
# of Investors
12
Momentum
Not Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Elemental Computing, with a valuation of $20 million, is raising funds on StartEngine. It has developed a simple server engine that enables a novice to create a well-connected Web3 application. The infrastructure of Elemental Computing allows game and app developers to transition to Web3 seamlessly and build the future of the industry with complex functionality support. The server engine, Elements, supports multiple blockchains and features generative minting tools, distributed databases, smart contracts, custodial wallets, and 3D character generation tools. Patrick Twohig founded Elemental Computing in September 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,298 |
$-1,573 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,501 |
$2,927 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,501 |
$2,927 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/04/2022
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