NGT Academy

NGT Academy

Closed: Nov. 2022

About this raise

NexGenT is raising funds independently through Reg A+ crowdfunding. The company provides next-generation training and software to empower the next generation of learners globally. The flagship product of NexGenT is the NGT Academy that provides the experience, skills, and knowledge necessary to maintain jobs in the IT industry. The academy provides live cohort programs, customized enterprise IT training, and a talent marketplace. Terry Kim and Jacob Hess founded NexGenT in 2016. The current crowdfunding campaign has no minimum target and a maximum target of $72,000,000. The campaign proceeds will be used for marketing, sales channel expansion, international and product expansion, technology development, and working capital.

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Investment Overview

Invested this round: $28,537

Deal Terms

Total Commitments ($USD)

Platform
Dalmore Group
Start Date
09/30/2021
Close Date
Not Provided
Min. Goal
$1,000
Max Goal
$72,000,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$151,638,075

Company & Team

Company

Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Phoenix, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
38
Prior Founder Exits?
No
Founder Name
Terry Kim
Title
CEO
Founder Name
Jacob Hess
Title
Chief Administration Officer

Financials

 Revenue +12% YoY
$2,837,386
 Monthly Burn
$267,265
 Runway
22.5 months

Balance Sheet

Cash and Cash Equivalents

$6,014,395

Accounts and Notes Receivable

$395,217

Property, Plant and Equipment (PP&E)

$103,813

Total Assets

$10,652,917

Accounts Payable & Accrued Liabilities

$463,004

Total Liabilities

$1,044,972

Total Stockholders' Equity

$9,607,945

Total Liabilities and Equity

$10,652,917

Statement of Comprehensive Income Information

Total Revenues

$2,837,386

Costs & Expenses Applicable to Rev

$1,630,790

Net Income

$-3,207,176

Earnings Per Share - Basic

$-0.06

Earnings Per Share - Diluted

$-0.06

Auditor: dbbmckennon
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/06/2022 Dalmore Group $151,638,075 $28,537 Equity - Common Funded RegA+
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Add to portfolio
NGT Academy on Issuance 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $151,638,075
Price per Share: $1.00

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