Notey

Notey

Early Stage

Learn to play instruments through games

Learn to play instruments through games

Overview

Raised this Round: Raised: $104,662

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/12/2024

Close Date

12/13/2024

Min. Goal
$50,000
Max. Goal
$1,230,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$8,100,000

Valuation Cap

$9,000,000

Discount

0%

Year Founded

2021

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Cayce, South Carolina

Business Type

High Growth

Notey, with a valuation of $9 million, is raising funds on Wefunder. The company has developed an AI-based platform that enables users to learn to play instruments through games. Notey’s AI-powered games translate any instrument into a game controller and support the integration of existing music methodologies and curricula. The platform has partnered with 30 educational institutions in the US and was proclaimed a Top 5 Music Education Startup in 2024 by F6S. Mak Grgic and Adithya Bellathur founded Notey in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for platform development, technology infrastructure, research and development, content development, hiring, marketing, and advertising.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,013

$81

COGS

$0

$0

Tax

$1,200

$2,200

 

 

Net Income

$-127,080

$-41,986

Summary Balance Sheet

FY 2023 FY 2022

Cash

$377,190

$93,207

Accounts Receivable

$20,000

$0

Total Assets

$567,590

$172,290

Short-Term Debt

$31,769

$1,585

Long-Term Debt

$0

$4,227

Total Liabilities

$31,769

$5,812

Financials as of: 08/12/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Notey 12/13/2024 Wefunder $9,000,000 $104,662 SAFE Active RegCF

No prior online funding rounds.

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Notey on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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