MCARTech
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.
Investment Overview
Invested : $114,752
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/09/2023
- Close Date
- 04/30/2023
$100,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$5,000,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
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
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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 |