FCP Insight
Early Stage
Automated Construction Management Solutions
Overview
Raised: $103,360
Total Commitments ($USD)
Platform
Netcapital
Start Date
11/19/2023
Close Date
04/29/2024
Min. Goal
$10,000
Max. Goal
$1,035,000
Min. Investment
$101
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.30
Pre-Money Valuation
$7,688,095
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$642
Momentum
Funded
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Year Founded
2008
Industry
Real Estate & Construction
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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: 11/19/2023
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