Inventr
Early Stage
We help deep tech companies automate the patent process
Overview
Raised: $87,892
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/28/2020
Close Date
12/01/2020
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$703
# of Investors
158
Momentum
Funded
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Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
Legaltech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Inventr, with a valuation cap of $7 million, is raising funds on Wefunder. The company is reinventing intellectual property, starting with the patent process. It is an automated patent assistant that helps deep tech companies capture ideas, automate research, identify patentability, and obtain patents. Inventr was founded by Manu Stephen, Steven H, and Steven Trojanowski and has raised over $120,000 since its inception. The proceeds of the crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $150,000, will be used for targeted marketing and product development. Inventr has more than 30 LOIs from companies and is a part of the Patent Pro Bono Program of the United States Patent and Trademark Office.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$500 |
$18,000 |
|
COGS |
$12,000 |
$12,000 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-11,500 |
$-6,000 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$40,000 |
$15,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$40,000 |
$15,000 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/28/2020
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