NODABL Networks

NODABL Networks

Closed: Jul. 2022

About this raise

NODABL Networks, with a valuation of $25 million, is raising funds on Fundify. The company provides 5G broadband networks and private LTE as a service and enables enterprises to leverage the power of data. The 5G/LTE network of NODABL allows businesses to get hassle-free network ownership and maintain full control over the network. NODABL Networks has already established development partnerships and has attractive financials. Aroon Tungare founded NODABL Networks in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for business development, pre-sales engineering, business processes, staff compensation, and spectrum license reserve.

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Investment Overview

Not Funded: $33,500

Deal Terms

Total Commitments ($USD)

Platform
Fundify
Start Date
11/01/2021
Close Date
07/15/2022
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$2,500

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
WAXAHACHIE, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Aroon Tungare
Title
CEO
Founder Name
Steve Wilson
Title
Partner, Secretary, Treasurer

Financials

 Revenue
$0
 Monthly Burn
$1,638
 Runway
1.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-19,660

$-7,676

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,500

$0

Accounts Receivable

$0

$0

Total Assets

$2,500

$5,000

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/15/2022 Fundify $25,000,000 $33,500 SAFE Not Funded RegCF
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Add to portfolio
NODABL Networks on Fundify 2021
Platform: Fundify
Security Type: SAFE
Valuation: $25,000,000

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Follow NODABL Networks on Fundify 2021

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Warning: according to the close date for this deal, NODABL Networks may no longer be accepting investments.

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