About this raise

GenesisAI is raising funds on Dalmore Group through Reg A+ crowdfunding. The company provides a global AI network to buy and sell artificial intelligence technologies. GenesisAI is a machine learning protocol, in addition to being a marketplace for AI products and services. It is making AI accessible, affordable, and more efficient. The company is led by an elite team and has reported a 19 times growth of monthly new user registrations. Archil Cheishvili, David Fan, and Mina Pascalito Nassif founded GenesisAI in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $75,000,000. The campaign proceeds will be used for mergers and acquisitions, sales and marketing, research and development, and working capital.

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Investment Overview

Invested this round: $178,759

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
02/01/2022
Close Date
Not Provided
Min. Goal
$497
Max Goal
$75,000,000
Min. Investment

$497

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$4.25

Pre-Money Valuation

$189,026,740

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Miami, Florida
Business Type
High Growth
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Archil Cheishvili
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$144,540
 Runway
5.5 months

Balance Sheet

Cash and Cash Equivalents

$800,072

Total Assets

$867,072

Accounts Payable & Accrued Liabilities

$53,780

Long Term Debt

$0

Total Liabilities

$53,780

Total Stockholders' Equity

$813,292

Total Liabilities and Equity

$867,072

Statement of Comprehensive Income Information

Net Income

$-1,734,478

Earnings Per Share - Basic

$-0.41

Earnings Per Share - Diluted

$-0.41

Auditor: Pinnacle Accountancy Group of Utah
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/06/2024 Netcapital $204,837,084 $765,446 Equity - Common Funded RegCF
03/10/2023 Dalmore Group $189,026,740 $178,759 Equity - Common Funded RegA+
10/23/2021 StartEngine $88,953,760 $0 Equity - Preferred Not Funded RegCF
07/16/2021 Netcapital $49,026,348 $3,251,640 Equity - Common Funded RegCF / RegD 506(c)
03/22/2021 Netcapital $12,471,815 $1,507,349 Equity - Common Funded RegCF / RegD 506(c)
03/21/2020 Wefunder $7,500,000 $738,640 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
GenesisAI on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $189,026,740
Price per Share: $4.25

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

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