Espre Technologies

Espre Technologies

[Closed for Investment] Espre Technologies, with a pre-money valuation of $32.1 million, is raising crowdfunding on StartEngine. The company has developed the NvisiLink family of chipsets and sensors that bridge the gap between wireless connections and data protection. John Terry founded Espre Technologies in July 2018. The current crowdfunding round has a minimum goal of $9,999 and a maximum goal of $1,069,999.50, and the funds will be used for growth and expansion. Espre Technologies has both private and public support with millions of dollars in funding from the US government. It also has partners in Silicon Valley that are helping the company design chips that will help drive the IoT market.

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Investment Overview

Raised this Round: Raised: $297,973

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/22/2021
Close Date
12/20/2021
Min. Goal
$9,999
Max. Goal
$1,070,000
Min. Investment

$300

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.50

Pre-Money Valuation

$32,055,000

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Tysons, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
John Terry
Title
CEO

Financials

 Revenue
$6,048
 Monthly Burn
$14,513
 Runway
1.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,048

$46,360

COGS

$40,970

$11,365

Tax

$0

$0

 

 

Net Income

$-174,153

$-13,269

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$25,744

$1,626

Accounts Receivable

$10,851

$0

Total Assets

$101,222

$75,363

Short-Term Debt

$49,463

$43,200

Long-Term Debt

$87,500

$0

Total Liabilities

$136,963

$43,200

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/27/2022 StartEngine $43,596,002 $34,762 Equity - Common Funded RegCF
12/20/2021 StartEngine $32,055,000 $297,973 Equity - Common Funded RegCF
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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

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Espre Technologies on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $32,055,000
Price per Share: $1.50

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

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