Learnt

Early Stage

Online AI-powered tutoring platform

Analytics

Raised to Date: Raised: $163,570

Aggregate Commitments $

Platform

StartEngine

Start Date

07/29/2020

Close Date

04/23/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$9,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

1,636%

% of Max. Goal

15%

Likelihood of Max
Funded
Avg. Daily Raise

$610

# of Investors

224

Momentum
Funded
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Location

Galveston, Texas

Industry

Education, Training, & Coaching

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Learnt, with a valuation cap of $9 million, is raising funds on StartEngine. It is an AI-powered online tutoring platform that connects students with talented tutors. The platform is democratizing education by its user-friendly and interactive virtual learning environment and customized approach. Learnt was founded by Andrew Nimmich and Eliza Nimmich in April 2020. The company’s crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $107,000, and the proceeds will be used to grow its reach to more students and educators. Learnt is led by an experienced team that has already launched Tutor the People platform successfully. The platform has become all the more important with the shift to online and virtual learning during the COVID-19 pandemic.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$437,345

$276,802

COGS

$127,069

$75,751

Tax

$0

$0

 

 

Net Income

$27,929

$-3,819

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,547

$3,994

Accounts Receivable

$100

$531

Total Assets

$9,647

$4,525

Short-Term Debt

$62,938

$63,930

Long-Term Debt

$13,332

$0

Total Liabilities

$76,270

$63,930

Financials as of: 07/29/2020
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Learnt on StartEngine
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Platform: StartEngine
Security Type: Convertible Note
Valuation: $9,000,000

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