ioX-Connect
About this raise
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.
Investment Overview
Invested : $95,299
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/05/2023
- Close Date
- 10/04/2023
$50,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$9,000,000
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +40% YoY
-
$162,331
as of FY2022
- Monthly Burn
-
$24,363
as of FY2022
-
Runway
-
0 months
as of FY2022
- Gross Margin
-
41%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/04/2023 | Wefunder | $10,000,000 | $95,299 | SAFE | Funded | RegCF |