Hexact

Early Stage

No-code workflow automation made easy

Overview

Raised to Date: Raised: $84,322

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/02/2023

Close Date

04/30/2023

Min. Goal

$10,000

Max. Goal

$999,000

Min. Investment

$248

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.23

Pre-Money Valuation

$10,774,800

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

38

% of Min. Goal

843%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,015

# of Investors

100

Momentum
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Hallandale Beach, Florida

Business Type

Growth

Hexact, with a valuation of $10.77 million, is raising funds on StartEngine. The company has developed workflow automation software to automate tedious and repetitive tasks. The platform enables businesses to automate time-consuming processes, including sales, marketing, and research tasks, with its readymade workflows. Hexact has doubled its year-over-year revenue for three consecutive years and reached $1 million in annual revenue in 2022. Stepan Aslanyan, Christopher Closset, Vahe Sargsyan, and Armen Avakian founded Hexact in February 2019. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $998,999.85. The campaign proceeds will be used for research and development, company employment, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$479,684

$164,209

COGS

$534,651

$126,853

Tax

$0

$0

 

 

Net Income

$-224,339

$-1,949

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,917

$18,410

Accounts Receivable

$0

$0

Total Assets

$16,017

$18,410

Short-Term Debt

$49,707

$263

Long-Term Debt

$255,000

$32,500

Total Liabilities

$304,707

$32,763

Financials as of: 03/02/2023
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Hexact on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,774,800

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