FCP Insight
Early Stage
Automated Construction Management Solutions
Overview
Raised: $104,335
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/20/2023
Close Date
01/31/2024
Min. Goal
$10,000
Max. Goal
$1,035,000
Min. Investment
$101
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$2.30
Pre-Money Valuation
$7,688,095
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
62
% of Min. Goal
1,043%
% of Max. Goal
10%
Likelihood of Max
Avg. Daily Raise
$10,434
Momentum
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Year Founded
2008
Industry
Real Estate & Construction
Tech Sector
EnterpriseTech
Location
Lynnwood, Washington
FCP Insight, with a valuation of $7.7 million, is raising funds on NetCapital. The company has developed an Electrical Contracting ERP system that integrates with QuickBooks. FCP Insight provided automated construction management solutions across all phases of the job, including job costing, labor costing, sales cycle support, and post-project services management. The business works on a monthly recurring revenue service for a software usage model and charges about $1,500 per month for up to 15 users. Erick Slabaugh founded FCP Insight in April 2008. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.04 million. The campaign proceeds will be used fr ongoing software development, sales and marketing, compensation for managers, and related party payable to the CEO.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$6,000 |
$6,000 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-327,968 |
$-177,960 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$132,089 |
$24,921 |
|
Accounts Receivable |
$551 |
$1,102 |
|
Total Assets |
$520,442 |
$320,649 |
|
Short-Term Debt |
$31,141 |
$5,841 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$31,141 |
$5,841 |
Financials as of: 11/20/2023
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