Kazark

Kazark

Open  for investment

About this raise

Kazark, with a valuation of $6.4 million, is raising funds on NetCapital. The company has developed a patented search technology to give users different perspectives on every news story. Kazark enables users to understand complex issues and empowers them to make informed decisions. The company is led by an experienced management team and has 11 patents issued in the US, Japan, Russia, and China. Drue Hontz founded Kazark in April 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $800,000. The campaign proceeds will be used for unallocated funds.

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Investment Overview

Committed this round: $44,806

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
05/23/2024
Close Date
04/01/2025
Min. Goal
$10,000
Max Goal
$800,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.60

Pre-Money Valuation

$6,400,000

Company & Team

Company

Year Founded
2011
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Waterbury, Connecticut
Business Type
High Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Drue Hontz
Title
CEO and Inventor Founder

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$4,448
 Runway
18.6 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-53,376

$-15,457

Summary Balance Sheet

FY 2023 FY 2022

Cash

$82,743

$0

Accounts Receivable

$0

$0

Total Assets

$82,743

$0

Short-Term Debt

$0

$0

Long-Term Debt

$378,136

$201,688

Total Liabilities

$378,136

$201,688

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$378,136
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/01/2025 Netcapital $6,400,000 $44,806 Equity - Common Active RegCF
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Add to portfolio
Kazark on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,400,000
Price per Share: $1.60

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Follow Kazark on NetCapital 2024

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