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
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
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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 |