FYEO

FYEO

Growth Stage

Self Custody All Your Passwords, for Free

Self Custody All Your Passwords, for Free

Overview

Raised this Round: Raised: $25,500

Total Commitments ($USD)

Platform

Seedstarter

Start Date

06/17/2024

Close Date

09/30/2024

Min. Goal
$100,000
Max. Goal
$750,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$10,000,000

Year Founded

2021

Industry

Security, Cybersecurity, & Defense

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Denver, Colorado

Business Type

Growth

FYEO, with a valuation of $10 million, is raising funds on Seedstarter. The company is dedicated to password management technology through the use of blockchain security. FYEO’s flagship product, KryptPass, empowers users with a self-custody solution to ensure security and simplicity. KryptPass generates passkeys that store zero personal data and ensure that users’ data is never compromised. Brian Gale, Tammy Leigh, and Mikael Bystrom founded FYEO in February 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $750,000. The campaign proceeds will be used for engineering, marketing, and sales.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,285,700

$5,539,400

COGS

$2,195,900

$3,287,900

Tax

$0

$44,993

 

 

Net Income

$-291,100

$1,646,707

Summary Balance Sheet

FY 2023 FY 2022

Cash

$264,656

$320,037

Accounts Receivable

$400,392

$400,392

Total Assets

$2,227,560

$2,235,252

Short-Term Debt

$258,386

$17,396

Long-Term Debt

$1,327,686

$1,086,696

Total Liabilities

$1,586,072

$1,104,092

Financials as of: 06/17/2024
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FYEO on Seedstarter 2024
Platform: Seedstarter
Security Type: Equity - Preferred
Valuation: $10,000,000
Price per Share: $10.00

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Follow FYEO on Seedstarter 2024

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