Elevare Technologies

Elevare Technologies

Early Stage

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Rialto Markets

Start Date

05/29/2023

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

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

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.

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

Financials as of: 05/29/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Elevare Technologies 03/28/2024 Rialto Markets $18,000,000 $0 Equity - Common Not Funded RegCF / RegD 506(c)
Elevare Technologies 05/29/2023 Rialto Markets $18,000,000 - Equity - Common Not Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

Funding data not publicly available

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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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