GorillaTech

GorillaTech

GorillaTech, with a valuation of $31.68 million, is raising funds on StartEngine. It is a fintech company dedicated to empowering small businesses with advanced financial solutions. GorillaTech has two flagship products: GorillaPay, a payment processing platform, and XAiLES, a tool for actionable data insights. Both tools are powered by artificial intelligence and lead to efficiency and growth through automated tasks, actionable insights, cost reduction, and secure transactions. Steven Joseph Saxton founded GorillaTech in March 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $3,623

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/11/2024
Close Date
01/08/2025
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.60

Pre-Money Valuation

$31,680,000

Company & Team

Company

Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
Fintech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Agoura Hills, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Steven Saxton
Title
CEO
Founder Name
Katherine Saxton
Title
CXAO

Financials

as of July 31, 2024
 Revenue
$0
 Monthly Burn
$200,000
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,051,755

$-830,843

Summary Balance Sheet

FY 2023 FY 2022

Cash

$206,104

$305

Accounts Receivable

$0

$0

Total Assets

$206,104

$305

Short-Term Debt

$1,366,213

$671,993

Long-Term Debt

$671,667

$108,333

Total Liabilities

$2,037,880

$780,326

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,150,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/08/2025 StartEngine $31,680,000 $3,623 Equity - Common Active RegCF
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Add to portfolio
GorillaTech on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $31,680,000
Price per Share: $0.60

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