Hexact

Hexact

Early Stage

No-code workflow automation made easy

No-code workflow automation made easy

Overview

Raised to Date: Raised: $372,613

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/01/2023

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
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$6,315

# of Investors

333

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
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

FY 2021 FY 2020

Revenue

$479,684

$164,209

COGS

$534,651

$126,853

Tax

$0

$0

 

 

Net Income

$-224,339

$-1,949

Summary Balance Sheet

FY 2021 FY 2020

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: 03/01/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Hexact on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,774,800
Price per Share: $1.23

Follow company

Follow Hexact on StartEngine 2023

Buy Hexact's Deal Report

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

Hexact Deal Report

Get KingsCrowd’s comprehensive report on Hexact including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Hexact is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Hexact deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge