Ferretly
Early Stage
AI-powered social media screening for smarter hiring
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
05/13/2020
Close Date
07/14/2020
Min. Goal
$25,000
Max. Goal
$600,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$10.00
Pre-Money Valuation
$4,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/14/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Ferretly, with a pre-money valuation of $4 million, is raising funds on SeedInvest. It is a platform that used artificial intelligence technology to analyze social media posts of subjects and reduce risks to brands, employees, and the bottom line of organizations. The company has major background screening companies as its clients. Ferretly was founded by Darrin Lipscomb and Craig Eddy in 2019. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $600,000, and the funds will be used towards marketing, research & development, inside sales, and general & administrative expenses. Ferretly achieved over 200 online signups within nine months of its launch and has seven reseller deals with background screening companies. It has analyzed more than 1 million posts, with over 13,000 flags, since its launch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$20,465 |
$0 |
|
COGS |
$3,237 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,818 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,358 |
$0 |
|
Accounts Receivable |
$6,681 |
$0 |
|
Total Assets |
$9,039 |
$0 |
|
Short-Term Debt |
$17,057 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$17,057 |
$0 |
Financials as of: 05/13/2020
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