inBalance
Early Stage
Real-time forecasts of electricity price to support renewables, ev charging
Overview
Raised: $57,538
Total Commitments ($USD)
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
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$10,000,000
Valuation Cap
$15,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$164
# of Investors
113
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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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