Elevare Technologies
Early Stage
LEADING THE WAY TO VIRTUAL-AS-A-SERVICE AND THE CHARGE INTO VIRTUAL-COMMERCE
Overview
Platform
Rialto Markets
Start Date
05/01/2023
Close Date
10/29/2023
Min. Goal
$250,000
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
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
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 founded Elevare Technologies in March 2022. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1.24 million. The campaign proceeds will be used for the retirement of liabilities, technology development, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$20,756 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,150,474 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-24,636 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$791,397 |
$0 |
|
Short-Term Debt |
$311,135 |
$0 |
|
Long-Term Debt |
$1,450,000 |
$0 |
|
Total Liabilities |
$1,761,135 |
$0 |
Financials as of: 05/01/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Elevare Technologies | 03/31/2024 | Rialto Markets | $18,000,000 | - | Equity - Common | Active | RegCF / RegD 506(c) |
| Elevare Technologies | 10/29/2023 | Rialto Markets | $18,000,000 | - | Equity - Common | Not Funded | RegCF |
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