MagNet Analytics

Early Stage

Tech-driven micro stores with vital products reaching customers no retailer can

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

03/31/2021

Close Date

06/13/2021

Min. Goal

$50,003

Max. Goal

$249,995

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Price Per Share

$6.63

Pre-Money Valuation

$6,810,000

Rolling Commitments $

Status
Not Funded
Reporting Date

06/13/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Lexington, Massachusetts

Industry

Retail Shops & Department Stores

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

MagNet Analytics, with a pre-money valuation of $6.81 million, is raising funds on WeFunder. The company is working as a chain of automated retail kiosks that sell high-priority products at high-traffic locations. The kiosks of MagNet provide detailed information about the products, along with instant gratification. MagNet Analytics was founded by Eduardo Alvarez in 2018 and has raised over $150,000 since its inception. The current crowdfunding round has a minimum goal of $50,003 and a maximum goal of $249,995, and the proceeds will be used towards non-recurring engineering for kiosk set-up, purchasing kiosks from manufacturers, business development, and working capital. MagNet Analytics has had 20 pilots, including partners like Disney, McDonald’s, and a Warren Buffet company. The company has a strong IP portfolio, including a patent for compact dispensing and container swap replenishment system.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,000

$21,349

COGS

$0

$-358

Tax

$1,146

$1,557

 

 

Net Income

$-106,363

$-344,288

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$35,033

$22

Accounts Receivable

$0

$0

Total Assets

$35,033

$139,228

Short-Term Debt

$7,363

$2,927

Long-Term Debt

$0

$0

Total Liabilities

$7,363

$2,927

Financials as of: 03/31/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
MagNet Analytics 06/13/2021 Wefunder $6,810,000 $0 Equity - Preferred Not Funded RegCF
MagNet Analytics 11/30/2020 Wefunder $6,800,000 $284,234 Equity - Preferred Funded RegCF
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MagNet Analytics on Wefunder
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,810,000
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