Espre Technologies
Early Stage
NvisLink-Reimagined Wireless Security for the Age of Everything
Overview
Raised: $34,762
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/01/2022
Close Date
10/27/2022
Min. Goal
$10,000
Max. Goal
$4,703,476
Min. Investment
$400
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$43,596,002
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$400
# of Investors
27
Momentum
Funded
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Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Espre Technologies, with a valuation of $43.6 million, is raising funds on StartEngine. The company has developed the NvisiLink family of chipsets and sensors that bridge the gap between wireless connections and data protection. The technology of Espre Technologies helps save innocent bystanders in an ambush attack by using the Agmas (Acoustic Gun Monitoring Alert Systems) protocol. The company has both public and private support with grants and investments from The US Department of Defense and other private organizations. John Terry founded Espre Technologies in July 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4,703,476. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$175,000 |
$5,250 |
|
COGS |
$60,685 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$32,627 |
$-135,306 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$304,370 |
$31,589 |
|
Accounts Receivable |
$2,000 |
$2,000 |
|
Total Assets |
$398,041 |
$147,239 |
|
Short-Term Debt |
$146,847 |
$56,632 |
|
Long-Term Debt |
$0 |
$87,500 |
|
Total Liabilities |
$146,847 |
$144,132 |
Financials as of: 08/01/2022
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