FirstRoot

FirstRoot

Closed: Oct. 2021

About this raise

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.

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Investment Overview

Invested this round: $625,985

Deal Terms

Total 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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.42

Pre-Money Valuation

$4,200,000

Company & Team

Company

Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Sunnyvale, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Luke Hohmann
Title
CEO

Financials

 Revenue
$78,584
 Monthly Burn
$11,916
 Runway
12.4 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/20/2021 Netcapital $4,200,000 $625,985 Equity - Common Funded RegCF
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Add to portfolio
FirstRoot on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $4,200,000
Price per Share: $0.42

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Follow FirstRoot on NetCapital

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Warning: according to the close date for this deal, FirstRoot may no longer be accepting investments.

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