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 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.

Expand

Investment Overview

Funding data not publicly available

Deal Terms

Platform
Rialto Markets
Start Date
03/22/2023
Close Date
05/30/2023
Min. Goal
$250,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    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
5
Prior Founder Exits?
No
Founder Name
Chad Tongco
Title
COO
Founder Name
David Myers
Title
CFO
Founder Name
Steve Beaman
Title
Chairman & CEO

Funding data not publicly available

Financials

as of Fiscal Year 2022
 Revenue
$20,756
 Monthly Burn
$95,873
 Runway
0 months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

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
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
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

Follow company

Follow Elevare Technologies on Rialto Markets 2023

Buy Elevare Technologies's Deal Report

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

Elevare Technologies Deal Report

Get Kingscrowd's comprehensive report on Elevare Technologies including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Elevare Technologies is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Elevare Technologies deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge