Lolaark Vision
Developing software for live video stream visibility restoration
Overview
Raised: $14,250
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/09/2023
Close Date
07/28/2023
Min. Goal
$10,000
Max. Goal
$550,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$19,473,860
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/09/2023
Days Remaining
49
% of Min. Goal
143%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$460
Momentum
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Lolaark Vision, with a valuation of $19.5 million, is raising funds on NetCapital. The software technology company is developing software for live stream visibility restoration. The system will help the drivers or automated systems of vehicles to recognize potential risks during times of poor visibility. Lolaark Vision aims to address visual clarity and precision for safe and economical operations of camera-based AI systems. Emanuel Papadakis founded Lolaark Vision in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $550,000. The campaign proceeds will be used for product development costs, research projects, operating costs, marketing expenses, certification fees, and executive compensation.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-137,791 |
$-30,775 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$52,842 |
$98,029 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$67,054 |
$115,601 |
|
Short-Term Debt |
$6,000 |
$10,411 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$6,000 |
$10,411 |
Financials as of: 05/09/2023
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