ioX-Connect

ioX-Connect

Early Stage

Collect, Analyze, Act

Collect, Analyze, Act

Overview

Raised to Date: Raised: $104,849

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/05/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

212

% of Min. Goal

210%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$896

# of Investors

27

Momentum
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Year Founded

2019

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

LAKE MARY, Florida

Business Type

High Growth

ioX-Connect, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a single cost-effective platform to collect, analyze, and act on data. The solutions ecosystem of ioX-Connect enables businesses to deploy, collect, analyze, and act on multiple sets of IoT data inside solution suites and alert users to issues, trends, analysis, and response actions. ioX-Connect is led by an experienced team and is generating 75 million data points monthly. Ockert Fourie founded ioX-Connect in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for team expansion, research and development, marketing, equipment, and operational expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$162,331

$116,266

COGS

$96,332

$37,727

Tax

$0

$0

 

 

Net Income

$-292,351

$-110,914

Summary Balance Sheet

FY 2022 FY 2021

Cash

$915

$7,530

Accounts Receivable

$36,201

$36,168

Total Assets

$117,618

$122,264

Short-Term Debt

$329,712

$62,807

Long-Term Debt

$155,624

$134,824

Total Liabilities

$485,336

$197,631

Financials as of: 06/05/2023
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ioX-Connect on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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