MindWise
Early Stage
Fraud prevention engine, engineered to detect sensitive information for sale on the deep web
Overview
Raised: $44,704
Total Commitments ($USD)
Platform
Microventures
Start Date
03/01/2022
Close Date
09/26/2022
Min. Goal
$25,000
Max. Goal
$450,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,000,000
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$215
# of Investors
165
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
MindWise, with a valuation of $10 million, is raising funds on MicroVentures. The company is developing a threat detection software solution that will monitor the deep web for sensitive and personal information. The platform is in the MVP stage and currently supports a credit card detection scanning system that alerts institutions of sensitive information up for sale on the deep web. MindWise has already scanned over 4 million credit cards and entered into a profit-sharing agreement with LoanClose. Tobin Shea and Nico Kokonas founded MindWise in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $450,000. The campaign proceeds will be used for salary payments, tech stack, marketing and sales, and legal and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-25,155 |
$-23,615 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,230 |
$1,385 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,230 |
$1,385 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/01/2022
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