About this raise

GenesisAI, with a valuation of $204.8 million, is raising funds on NetCapital. 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 2,000 registered users with 45 AI models deployed. Archil Cheishvili, David Fan, and Mina Pascalito Nassif founded GenesisAI in 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,044,972. The campaign proceeds will be used for payroll, research and development, sales and marketing, and legal expenses.

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Investment Overview

Invested this round: $765,446

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
07/13/2022
Close Date
12/06/2024
Min. Goal
$10,000
Max Goal
$3,044,972
Min. Investment

$119

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.25

Pre-Money Valuation

$204,837,084

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
10
Prior Founder Exits?
No
Founder Name
Archil Cheishvili
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$135,070
 Runway
1.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$9,145

$8,122

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,620,839

$-2,539,154

Summary Balance Sheet

FY 2023 FY 2022

Cash

$189,246

$452,795

Accounts Receivable

$2,073

$0

Total Assets

$243,319

$519,795

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
$4,721,290
VC Backed?
No
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 NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $204,837,084
Price per Share: $4.25

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Follow GenesisAI on NetCapital 2022

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

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