i2Chain
Early Stage
Encrypted, Permissioned, & Traceable Information Artifacts.
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
05/17/2023
Close Date
07/12/2023
Min. Goal
$150,000
Max. Goal
$1,240,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/11/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2018
Industry
Security, Cybersecurity, & Defense
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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.
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 |
Financials as of: 05/17/2023
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