inBalance

Early Stage

Real-time forecasts of electricity price to support renewables, ev charging

Analytics

Raised to Date: Raised: $91,063

Aggregate Commitments $

Platform

Wefunder

Start Date

05/14/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

10/21/2021

Days Remaining

191

% of Min. Goal

182%

% of Max. Goal

36%

Likelihood of Max
unlikely
Avg. Daily Raise

$569

Momentum
cold
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Location

Lexington, Massachusetts

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

inBalance, with a valuation cap of $15 million, is raising crowdfunding on Wefunder. The company has developed an intuitive interface to forecast electricity prices. The platform empowers electricity asset managers with its ability to address market volatility and demand for electricity. Thomas Marge, Rajan Troll, and Edwin Fennell founded inBalance in June 2020. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $250,000, and the funds will be used for employee and contractor compensation, corporate initiatives, and other expenses. inBalance has pilots with 15% of New England’s electricity generation and is working with industry leaders. The company aims to reach $100 million ARR in the next five years.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,446

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$240

$0

Accounts Receivable

$0

$0

Total Assets

$3,087

$0

Short-Term Debt

$3,286

$0

Long-Term Debt

$0

$0

Total Liabilities

$3,286

$0

Financials as of: 05/14/2021
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inBalance on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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