MCARTech

MCARTech

Closed: Apr. 2023

About this raise

MCARTech, with a valuation of $5 million, is raising funds on Wefunder. The company provides asset reliability solutions to prevent the failure of costly industrial machinery. The business offers real-time remote monitoring and a predictive diagnostic system to ensure optimal performance of machinery and plant operations. MCARTech has completed proof-of-concept with three clients and signed contracts with two international manufacturing companies. Kumar R Chatterjee and Dr. Kanishka Aman Singh founded MCARTech in June 2017. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for R&D for continued software improvements, corporate marketing, increased manpower, and working capital.

Expand

Investment Overview

Invested this round: $114,752

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
02/09/2023
Close Date
04/30/2023
Min. Goal
$100,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Real Estate & Construction
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Munster, Indiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Kumar Chatterjee
Title
President & CEO
Founder Name
Kanishka Aman Singh
Title
COO & Senior Systems Specialist

Financials

 Revenue
$36,202
as of FY2021
 Monthly Burn
$16,536
as of FY2021
 Runway
15.2 months
as of FY2021
 Gross Margin
56%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$36,202

$85,048

COGS

$15,919

$337

Tax

$0

$0

 

 

Net Income

$-198,434

$-128,950

Summary Balance Sheet

FY 2021 FY 2020

Cash

$251,026

$157,802

Accounts Receivable

$7,910

$233

Total Assets

$260,789

$173,911

Short-Term Debt

$346,305

$60,993

Long-Term Debt

$0

$0

Total Liabilities

$346,305

$60,993

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $5,000,000 $114,752 SAFE Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
MCARTech on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

Follow company

Follow MCARTech on Wefunder 2023

Buy MCARTech's Deal Report

Warning: according to the close date for this deal, MCARTech may no longer be accepting investments.

MCARTech Deal Report

Get Kingscrowd's comprehensive report on MCARTech including:

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

Buy the MCARTech deal report for only $10!

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