Illoominus Software
Early Stage
Lighting the way to measurably better workplaces
Overview
Raised: $62,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/03/2023
Close Date
08/08/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,722
# of Investors
37
Momentum
Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Illoominus, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a platform that helps people leaders understand the impact of people investments. Illoominus’ scenario planning tool helps users understand tangible goals and recommends actions based on forecasts. The platform empowers people leaders to know how hiring, retention initiatives, and promotion impact goals. Noelle London founded Illoominus in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for sales, product and data improvement, community development, marketing, and growth strategy.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$45,993 |
$0 |
|
COGS |
$9,917 |
$0 |
|
Tax |
$17,308 |
$0 |
| ||
| ||
|
Net Income |
$-90,263 |
$-119 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$49,246 |
$-1,199 |
|
Accounts Receivable |
$15,000 |
$0 |
|
Total Assets |
$76,746 |
$-1,199 |
|
Short-Term Debt |
$-2,569 |
$-845 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$-2,569 |
$-845 |
Financials as of: 07/03/2023
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