i2Chain

i2Chain

Withdrawn: Jul. 2023

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.

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Investment Overview

Committed [Withdrawn]: $0

Deal Terms

Total Commitments

Platform
Republic
Start Date
05/18/2023
Close Date
07/12/2023
Min. Goal
$150,000
Max Goal
$1,240,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Company & Team

Company

Year Founded
2018
Industry
Security, Cybersecurity, & Defense
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
San Ramon, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Ajay Jotwani
Title
CEO
Founder Name
Mainak Trivedi
Title
VP of Engineering

Funding data not publicly available

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

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$297,505

$47,916

COGS

$159,730

$27,438

Tax

$0

$0

 

 

Net Income

$-583,346

$-397,190

Summary Balance Sheet

FY 2022 FY 2021

Cash

$253,783

$589,345

Accounts Receivable

$19,057

$2,000

Total Assets

$289,106

$702,315

Short-Term Debt

$1,376,514

$1,560,347

Long-Term Debt

$1,362,900

$1,006,053

Total Liabilities

$2,739,414

$2,566,400

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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07/12/2023 Republic $15,000,000 $0 SAFE Withdrawn RegCF
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Add to portfolio
i2Chain on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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Follow i2Chain on Republic 2023

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