MicroSilicon
About this raise
MicroSilicon, with a valuation of $18.6 million, is raising funds on StartEngine. The company has developed a platform to improve the operational efficiency of chemical use and dosage for oil extraction. The digital flow assurance platform uses sensor technology for energy transformation and aims to make traditional oil and gas production sustainable. MicroSilicon has generated $1.6 million in revenue to date and has $1 million of contracts in the pipeline with top oil producers, including Abu Dhabi National Oil Company. Omar Kulbrandstad and Aydin Babakhani founded MicroSilicon in February 2015. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,998.80. The campaign proceeds will be used to develop additional technology and expand.
Investment Overview
Invested : $207,422
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 07/26/2022
- Close Date
- 02/06/2023
$10,000
$1,069,999
$260
Equity - Common
Early Stage
RegCF
$5.20
$18,591,217
Company & Team
Company
- Year Founded
- 2015
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue -36% YoY
- $207,633
- Monthly Burn
- $29,361
-
Runway
- 3.7 months
- Gross Margin
- 88%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,440,742
- Grants
- $725,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/06/2023 | StartEngine | $18,591,217 | $207,422 | Equity - Common | Funded | RegCF |