Hubsai
About this raise: Hubsai, with a post-money valuation of $13.8 million, is raising crowdfunding on NetCapital. It is a home automation platform that makes automation affordable, fun, and simple. The platform offers DIFM smart home installation, a non-cloud secure platform, and an easy-to-use app. Mike Ghodoosian founded Hubsai in 2017. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,069,999, will be used towards R&D, marketing, working capital, compensation for managers, and salespeople. Hubsai works on a low-cost subscription-based model that helps smart home owners to create and maintain an automated smart home environment.
Investment Overview
Invested : $32,266
Deal Terms
Total Commitments ($USD)
- Platform
- Netcapital
- Start Date
- 11/26/2020
- Close Date
- 04/30/2021
$10,000
$1,069,999
$99
Equity - Common
Pre-Seed
RegCF
$0.78
$12,789,240
Company & Team
Company
- Year Founded
- 2017
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $2,100
- Monthly Burn
- $8,489
-
Runway
- 0 months
- Gross Margin
- 64%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | Netcapital | $12,789,240 | $32,266 | Equity - Common | Funded | RegCF |