Invest

Invest

Closed: May. 2024

About this raise

Invest is raising funds through Reg A+ crowdfunding with tZERO as the Broker-Dealer. The company has developed an innovative machine-learning platform to curate personalized and functional investment news recommendations. The platform will provide investors with high-quality investment content and an easy-to-use interface using supervised and unsupervised ML algorithms. Jack Turner and Garrett Eamer founded Invest in 2020. The current crowdfunding campaign has a maximum target of $18 million. The campaign proceeds will be used for research and development, hiring additional contract engineers, marketing, and working capital.

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Investment Overview

Invested this round: $3,549,734

Deal Terms

Platform
tZERO
Start Date
05/22/2023
Close Date
Not Provided
Min. Goal
$600
Max Goal
$18,000,000
Min. Investment

$600

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$6.00

Pre-Money Valuation

$14,948,440

Company & Team

Company

Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
SALT LAKE CITY, Utah
Business Type
High Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Jacob Fernane
Title
President

Funding data not publicly available

Financials

 Revenue
$23,880
 Monthly Burn
$28,858
 Runway
7.4 months

Balance Sheet

Cash and Cash Equivalents

$212,588

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$212,588

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$206,564

Total Liabilities

$553,888

Total Stockholders' Equity

$-341,300

Total Liabilities and Equity

$212,588

Statement of Comprehensive Income Information

Total Revenues

$23,880

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$370,175

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-346,295

Earnings Per Share - Basic

$-0.03

Earnings Per Share - Diluted

$-0.03

Auditor: M&K CPAS, PLLC
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$159,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/22/2024 tZERO $14,948,440 $3,549,734 Equity - Common Funded RegA+
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Add to portfolio
Invest on tZERO 2023
Platform: tZERO
Security Type: Equity - Common
Valuation: $14,948,440
Price per Share: $6.00

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Warning: according to the close date for this deal, Invest may no longer be accepting investments.

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