Enact Systems
Early Stage
Software Platform for Solar and Storage
Analytics
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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Founder Profile
Location
Pleasanton, California
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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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