LEXI

LEXI

Early Stage

SmartBMS (Building Management System) for Decarbonization

SmartBMS (Building Management System) for Decarbonization

Overview

Raised this Round: Raised: $56,272

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/28/2024

Close Date

08/27/2024

Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment

$500

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$30,000,000

Discount

20%

Year Founded

2017

Industry

Business Services, Software, & Applications

Tech Sector

Cleantech

Location

Berkeley, California

LEXI, with a valuation of $30 million, is raising funds on StartEngine. The company has developed a building management system to help with decarbonization. LEXI’s SmartBMS utilizes AI-automated energy management for commercial building retrofits to meet the stringent climate mandates in North America and Europe. The company’s customers include Crane, Rheem, and PLDT, and has generated $2.7 million in cumulative revenue. Scott Cahill founded LEXI in December 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $618,000. The campaign proceeds will be used for development, IT, sales, marketing, G&A, hardware production and quality, account management, product, and customer service.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$233,408

$2,040,234

COGS

$16,677

$1,401,405

Tax

$2,005

$1,613

 

 

Net Income

$-1,513,917

$-1,113,761

Summary Balance Sheet

FY 2023 FY 2022

Cash

$56,266

$59,731

Accounts Receivable

$1,512,645

$1,470,700

Total Assets

$1,706,450

$1,675,818

Short-Term Debt

$1,394,265

$1,144,075

Long-Term Debt

$150,000

$150,000

Total Liabilities

$1,544,265

$1,294,075

Financials as of: 05/28/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LEXI 08/26/2024 StartEngine $30,000,000 $56,272 Convertible Note Active RegCF
LEXI 03/19/2023 Republic $30,000,000 $591,361 SAFE Funded RegCF
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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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LEXI on StartEngine 2024
Platform: StartEngine
Security Type: Convertible Note
Valuation: $30,000,000

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