Hexact
About this raise
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.
Investment Overview
Invested : $372,613
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/02/2023
- Close Date
- 04/30/2023
$10,000
$999,000
$248
Equity - Common
Early Stage
RegCF
$1.23
$10,774,800
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +66% YoY
-
$479,684
as of FY2021
- Monthly Burn
-
$18,695
as of FY2021
-
Runway
-
0.6 months
as of FY2021
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $335,530
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | StartEngine | $10,774,800 | $372,613 | Equity - Common | Funded | RegCF |