i2Chain
About this raise
i2Chain, with a valuation of $15 million, is raising funds on Republic. The company is a SaaS provider for secure information sharing with advanced rights management. They supply this service with immutable cryptographically verifiable transactions as a part of our advanced information lifecycle management. i2Chain had $300k revenue in 2022 (6x YoY growth) and has three patents and additional three patents pending. Ajay Jotwani and Mainak Trivedi founded i2Chain in May 2018. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.24 million. The campaign proceeds will be used for sales and marketing, technology and product development, hiring and infrastructue.
Investment Overview
Committed [Withdrawn]: $0
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 05/18/2023
- Close Date
- 07/12/2023
$150,000
$1,240,000
$100
SAFE
Early Stage
RegCF
$15,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$297,505
as of FY2022
- Monthly Burn
-
$48,612
as of FY2022
-
Runway
-
5.2 months
as of FY2022
- Gross Margin
-
46%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,373,742
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/12/2023 | Republic | $15,000,000 | $0 | SAFE | Withdrawn | RegCF |