FutureGen Robotics
Early Stage
Welcome to the next generation of robotics
Overview
Raised: $8,979
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/30/2021
Close Date
03/01/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.00
Pre-Money Valuation
$35,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/28/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$49
# of Investors
18
Momentum
Not Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
FutureGen Robotics, with a valuation of $35 million, is raising funds on StartEngine. The company develops AI solutions and mobile robots to simplify some labor-intensive tasks. FutureGen Robotics offers IoT engineering services, data integration, and engineering consulting services to its customers. The company has put eight units for beta testing and has received a positive response. Michael Letsky and Jeanne Letsky founded FutureGen Robotics in June 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to become the leading lawnmower brand and expand into new industries.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$48,360 |
|
COGS |
$454 |
$9,353 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-46,127 |
$13,261 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$12,027 |
$2,600 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,027 |
$2,600 |
|
Short-Term Debt |
$7,707 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,707 |
$0 |
Financials as of: 08/30/2021
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