Enact Systems

Early Stage

Software Platform for Solar and Storage

Analytics

Raised to Date: Raised: $155,889

Aggregate Commitments $

Platform

StartEngine

Start Date

10/21/2021

Close Date

01/20/2022

Min. Goal

$9,997

Max. Goal

$999,991

Min. Investment

$241

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$9.65

Pre-Money Valuation

$22,995,950

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2022

Days Remaining
Funded
% of Min. Goal

1,559%

% of Max. Goal

16%

Likelihood of Max
Funded
Avg. Daily Raise

$1,713

Momentum
Funded
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Location

Pleasanton, California

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Enact Systems, with a valuation of $23 million, is raising funds on StartEngine. The company has developed a cloud storage platform for the solar and energy storage industry. The platform is bringing the power of data and business automation to the renewable energy industry to bring in vertical integration. Enact Systems has already generated $3.5 million in revenue and has global solar industry players as customers. Deep Chakraborty and Manasij Kar founded Enact Systems in 2012. The current crowdfunding campaign has a minimum target of $9,997.40 and a maximum target of $999,990.90. The campaign proceeds will be used for the launch of 3D design capabilities on the ENVISION platform.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$526,910

$594,196

COGS

$55,072

$20,386

Tax

$0

$0

 

 

Net Income

$-421,275

$-509,968

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,132

$11,055

Accounts Receivable

$295,261

$372,151

Total Assets

$639,125

$445,626

Short-Term Debt

$323,582

$79,446

Long-Term Debt

$1,512,663

$1,530,463

Total Liabilities

$1,836,245

$1,609,909

Financials as of: 10/21/2021
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Enact Systems on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $22,995,950

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