OVE Touch & Go

OVE Touch & Go

[Closed for Investment] OVE Touch & Go, with a valuation of $20 million, is raising funds on StartEngine. It is a cloud-based fingerprint payment service that can integrate with any point-of-sale platform. OVE Touch & Go will feature secure fingerprint technology, NFC and WiFi, an antimicrobial and oleophobic touchscreen, a computer processor, and a portable battery. The company is currently in the pre-revenue and pre-commercialisation stage and has secured pre-market LOIs with GymGuys and ICryo. Caio Buchalla, Anshul Bagai, and Daniel Cafiero founded OVE Touch & Go in August 2019. The current crowdfunding round has a minimum goal of $15,000 and a maximum goal of $1.23 million. The campaign proceeds will be used for hardware commercial versions, company employment, and app and hardware design.

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Investment Overview

Raised this Round: Raised: $73,927

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/25/2024
Close Date
10/23/2024
Min. Goal
$15,000
Max. Goal
$1,234,998
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$19,999,998

Company & Team

Company

Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
San Francsisco, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Caio Buchalla
Title
CEO
Founder Name
Anshul Bagai
Title
CTO
Founder Name
Dan Cafiero
Title
Board Member

Financials

as of May 31, 2024
 Revenue
$0
 Monthly Burn
$50,000
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-97,001

$-220,484

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$777

Accounts Receivable

$0

$0

Total Assets

$0

$777

Short-Term Debt

$4,403

$4,734

Long-Term Debt

$451,200

$396,000

Total Liabilities

$455,603

$400,734

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$522,700
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/23/2024 StartEngine $19,999,998 $73,927 Equity - Common Funded RegCF
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Add to portfolio
OVE Touch & Go on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,999,998
Price per Share: $3.00

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Follow OVE Touch & Go on StartEngine 2024

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Warning: according to the close date for this deal, OVE Touch & Go may no longer be accepting investments.

OVE Touch & Go Deal Report

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