Elevare Technologies

[Closed for Investment] Elevare Technologies, with a valuation of $18 million, is raising funds on Rialto Markets. The company is developing Web 3.0 technologies to integrate with Web 2.0 technologies and applications. The business is launching The Eleverse, a digital meta world that offers virtual offices, video conferencing, a Board Room with smart capabilities, and a main lobby for digital networking. Steven J. Beaman and David Myers founded Elevare Technologies in March 2022. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5 million. The campaign proceeds will be used for the retirement of liabilities, technology development, and working capital.

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Investment Overview

Raised this Round: Raised: $0

Deal Terms

Total Commitments ($USD)

Platform
Rialto Markets
Start Date
05/30/2023
Close Date
03/29/2024
Min. Goal
$250,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$18,000,000

Company & Team

Company

Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
St. Charles, Illinois
Business Type
High Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
David Myers
Title
CFO
Founder Name
Steve Beaman
Title
Chairman & CEO
Founder Name
Chad Tongco
Title
COO

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$24,895
 Monthly Burn
$97,520
 Runway
0 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$24,895

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,170,246

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-34,572

$0

Accounts Receivable

$0

$0

Total Assets

$1,037,167

$0

Short-Term Debt

$787,429

$0

Long-Term Debt

$1,450,000

$0

Total Liabilities

$2,237,429

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/29/2024 Rialto Markets $18,000,000 $0 Equity - Common Not Funded RegCF / RegD 506(c)
05/30/2023 Rialto Markets $18,000,000 - Equity - Common Not Funded RegCF
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Growth Charts

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

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Add to portfolio
Elevare Technologies on Rialto Markets 2023
Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $18,000,000
Price per Share: $10.00

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Follow Elevare Technologies on Rialto Markets 2023

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

Elevare Technologies Deal Report

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