Gen3Tek

Gen3Tek

Closed: Jul. 2024

About this raise

Gen3Tek, with a valuation of $10 million, is raising funds on ChainRaise. The company has developed the world’s first blockchain-based metaverse game for children. The game is based on breakthrough technology and comes with a unique twist that enables users to earn in-game rewards with the learn-to-earn system. Gen3Tek aims to grow through partnerships with child development experts, educational organizations, STEM companies, and celebrity collaborations. Renada Ishmael and Kiera Ishmael founded Gen3Tek in January 2023. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $1 million. The campaign proceeds will be used for payroll, R&D, sales and marketing, technology development, capital cost, reserves, and general and administrative expenses.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
ChainRaise
Start Date
07/24/2023
Close Date
07/20/2024
Min. Goal
$20,000
Max Goal
$1,000,000
Min. Investment

$250

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2023
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
FORT LAUDERDALE, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Ren Ishmael
Title
CEO
Founder Name
Kiera Ishmael
Title
Co-founder

Funding data not publicly available

Financials

 Revenue
$0
as of FY2022
 Cash on Hand
$0
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/20/2024 ChainRaise $10,000,000 - Equity - Common Not Funded RegCF
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Add to portfolio
Gen3Tek on ChainRaise 2023
Platform: ChainRaise
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $2.50

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Follow Gen3Tek on ChainRaise 2023

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Warning: according to the close date for this deal, Gen3Tek may no longer be accepting investments.

Gen3Tek Deal Report

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