illumnus
Early Stage
Chat-based learning experience platform for K12 educational institutes
Overview
Raised: $56,224
Total Commitments ($USD)
Platform
Republic
Start Date
02/21/2021
Close Date
07/23/2021
Min. Goal
$25,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$372
# of Investors
111
Momentum
Funded
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Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
illumnus, with a valuation cap of $6 million, is raising crowdfunding on Republic. It is a digital learning platform for K-12 educational institutes. The platform is chat-based and makes learning easier and seamless through collaborative learning. Akash Singhal, Akshaya Singhal, Gauri Dehankar, and Devashish Saxena founded illumnus in July 2018. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $107,000, will be used to improve the product and expand to over 7,000 schools. illumnus already has clients in the United Kingdom, the United Arab Emirates, and India, with over 6,000 users onboarded in the first three months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
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Revenue |
$0 |
$0 |
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COGS |
$0 |
$0 |
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Tax |
$0 |
$0 |
| ||
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|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
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Total Assets |
$0 |
$0 |
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Short-Term Debt |
$0 |
$0 |
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Long-Term Debt |
$0 |
$0 |
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Total Liabilities |
$0 |
$0 |
Financials as of: 02/21/2021
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