About this raise: 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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 03/31/2021
- Close Date
- 06/13/2021
$50,003
$249,995
$100
Equity - Preferred
Seed
RegCF
$6.63
$6,810,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Retail Shops & Department Stores
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/13/2021 | Wefunder | $6,810,000 | $0 | Equity - Preferred | Not Funded | RegCF |
| 11/30/2020 | Wefunder | $6,800,000 | $284,234 | Equity - Preferred | Funded | RegCF |
Growth Charts
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.