HyperSciences

HyperSciences

Growth Stage

Harnessing the power of extreme velocity

Harnessing the power of extreme velocity

Overview

Raised to Date: Raised: $433,304

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/31/2022

Close Date

09/28/2022

Min. Goal
$9,992
Max. Goal
$3,941,023
Min. Investment

$496

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.72

Pre-Money Valuation

$104,006,352

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/01/2022

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

$2,407

# of Investors

235

Momentum
Funded
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Year Founded

2014

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Spokane, Washington

Business Type

Growth

HyperSciences, with a valuation of $104 million, is raising funds on StartEngine. The company is revolutionizing geothermal energy with its high-speed, high-impact drilling. The company has developed its HyperCore engine and drill that can create holes deep enough to access geothermal energy at a reasonable cost. HyperSciences’s technology aims to revolutionize a variety of industries, including resource extraction, geothermal energy, and space launch. Mark Russell founded HyperSciences in October 2014. The current crowdfunding campaign has a minimum target of $9,992.16 and a maximum target of $3,941,022.60. The campaign proceeds will be used to expand into newer industries and markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$365,000

$501,430

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,196,072

$-5,680,777

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$269,049

$1,431,036

Accounts Receivable

$0

$120,000

Total Assets

$1,445,232

$2,579,333

Short-Term Debt

$1,721,285

$1,650,090

Long-Term Debt

$239,227

$1,935,893

Total Liabilities

$1,960,512

$3,585,983

Financials as of: 03/31/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
HyperSciences 09/27/2022 StartEngine $104,006,352 $433,304 Equity - Preferred Funded RegCF
HyperSciences 03/15/2021 StartEngine $38,800,000 $1,069,549 Equity - Preferred Funded RegCF
HyperSciences 03/30/2019 SeedInvest $25,000,000 $9,600,000 Equity - Preferred Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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HyperSciences on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $104,006,352
Price per Share: $9.72

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Follow HyperSciences on StartEngine 2022

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