Overview
Raised: $591,361
2017
Business Services, Software, & Applications
Cleantech
B2B2C
Low
Low
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$2,535,276 |
$52,116 |
COGS |
$1,636,252 |
$90,980 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-97,127 |
$-784,404 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$673,911 |
$105,073 |
Accounts Receivable |
$1,335,300 |
$0 |
Total Assets |
$2,145,277 |
$278,718 |
Short-Term Debt |
$930,440 |
$396,729 |
Long-Term Debt |
$150,000 |
$150,000 |
Total Liabilities |
$1,080,440 |
$546,729 |
Raise History
Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
LEXI | 11/21/2024 | Republic | $30,000,000 | $51,906 | SAFE | Active | RegCF |
LEXI | 08/27/2024 | StartEngine | $30,000,000 | $0 | Convertible Note | Not Funded | RegCF |
LEXI | 03/20/2023 | Republic | $30,000,000 | $591,361 | SAFE | Funded | RegCF |
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Employee History
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Edge
Would you tolerate being forced to buy all your new kitchen appliances from just one brand even though, say, the company that makes your coffee maker doesn’t make a very good refrigerator?
Of course not. But that’s exactly what’s happened. Consumers have to commit to a single ecosystem: Google’s Home, Amazon’s Alexa, or Apple’s Homekit. This walled garden extends to product choices as well, such as Philips Hue, Ring, Nest, and others.
And so, consumers pay the price. Those who dare buy smart devices from more than one brand are stuck with devices that can’t work together. And those who have committed to a single brand have a limited range of products to choose from.
That’s a big problem. And right now, LEXI is the only company that has figured out how to fix it. Its technology — featuring a universal IoT gateway — is truly agnostic. (IoT gateways are often required in smart home protocols. A universal IoT gateway serves a secondary purpose of interconnecting different wireless protocols.)