NEXT Semiconductor

NEXT Semiconductor

Open  for investment

About this raise

NEXT Semiconductor, with a valuation of $29.84 million, is raising funds on StartEngine. It is a fabless system-on-chip innovator specializing in edge-processing chips for drone, LiDAR, and SatCOM applications. NEXT Semiconductor is revolutionizing connectivity with semiconductor excellence and has a strong foundation of 32 patents. The company has revenue-generating projects and became EBITDA positive in 2024. Lucien Riddle Fouke III and Robert Polson Kummer founded NEXT Semiconductor in August 2020. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.

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Investment Overview

Committed this round: $6,711

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/31/2025
Close Date
05/01/2025
Min. Goal
$124,000
Max Goal
$1,234,995
Min. Investment

$498

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.98

Pre-Money Valuation

$29,837,700

Company & Team

Company

Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Luke Fouke
Title
CEO and Chairman of the Board
Founder Name
Bob Kummer
Title
Board Member, CFO, Principal Accounting Officer

Financials

as of January 31, 2025
 Revenue
$4,992,189
 Monthly Burn
$10,333
 Runway
24+ months

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$4,992,189

$0

COGS

$8,616,615

$2,505,121

Tax

$0

$0

 

 

Net Income

$-3,652,287

$-2,535,463

Summary Balance Sheet

FY 2024 FY 2023

Cash

$623,898

$144,394

Accounts Receivable

$0

$0

Total Assets

$7,867,762

$7,727,732

Short-Term Debt

$0

$0

Long-Term Debt

$576,326

$765,226

Total Liabilities

$576,326

$765,226

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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
05/01/2025 StartEngine $29,837,700 $6,711 Equity - Preferred Active RegCF
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Add to portfolio
NEXT Semiconductor on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $29,837,700
Price per Share: $2.98

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