FirstRoot

Early Stage

FirstRoot teaches financial literacy and civics as kids decide how to invest real money in their school.

Analytics

Raised to Date: Raised: $621,968

Aggregate Commitments $

Platform

Netcapital

Start Date

05/24/2021

Close Date

10/20/2021

Min. Goal

$10,000

Max. Goal

$1,067,220

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$4,200,000

Rolling Commitments $

Status
Funded
Reporting Date

10/19/2021

Days Remaining
Funded
% of Min. Goal

6,220%

% of Max. Goal

58%

Likelihood of Max
Funded
Avg. Daily Raise

$4,174

Momentum
Funded
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Location

Sunnyvale, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

FirstRoot, with a pre-money valuation of $4.2 million, is raising crowdfunding on NetCapital. The company has developed a software program to teach financial literacy to children. The SaaS company sells its program to schools where it gets integrated into the curriculum and helps kids decide how to invest real money. Verne Harnish and Alexander Osterwalder founded FirstRoot in January 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,067,220, will be used for operational expenses, marketing and sales, curriculum development, product development, and compensation. FirstRoot guides students through the process of Participatory Budgeting and lets them learn by managing an actual budget.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$78,584

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-142,996

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$147,423

$0

Accounts Receivable

$10,500

$0

Total Assets

$416,678

$0

Short-Term Debt

$487,541

$0

Long-Term Debt

$0

$0

Total Liabilities

$487,541

$0

Financials as of: 05/24/2021
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FirstRoot on NetCapital
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Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,200,000

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