Early Stage

SmartBMS (Building Management System) for Decarbonization

SmartBMS (Building Management System) for Decarbonization


Raised this Round: Raised: $56,272

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Convertible Note



SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Year Founded



Business Services, Software, & Applications

Tech Sector



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












Net Income



Summary Balance Sheet

FY 2023 FY 2022




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 05/28/2024
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
LEXI on StartEngine 2024
Platform: StartEngine
Security Type: Convertible Note
Valuation: $30,000,000

Follow company

Follow LEXI on StartEngine 2024

Buy LEXI's Deal Report

LEXI Deal Report

Get KingsCrowd’s comprehensive report on LEXI including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether LEXI is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the LEXI deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge