Notey

Notey

Open  for investment

About this raise: 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.

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Investment Overview

Committed this round: $112,712

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
08/12/2024
Close Date
03/31/2025
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Mak Grgic
Title
Chief Executive Officer
Founder Name
Adithya Bellathur
Title
Chief Technology Officer

Financials

as of August 1, 2024
 Revenue
$1,013
 Monthly Burn
$15,000
 Runway
13.3 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$744,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2025 Wefunder $9,000,000 $112,712 SAFE Active RegCF
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Notey on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $9,000,000

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