precursor spc
Early Stage
Forecasting earthquakes days to weeks before they occur
Overview
$100,194 - RegCF
$2,061,482 - Total
$2,061,482 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
02/05/2021
Close Date
03/28/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$25,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,965
Momentum
Funded
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Year Founded
2017
Industry
Industrial Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
precursor spc, with a valuation cap of $25 million, is raising funds on SeedInvest. The company has developed the technology to measure energy buildup preceding earthquakes and forecast earthquakes using AI. It reduces the human and economic damage caused by earthquakes. Clive George Cook founded precursor spc in 2017. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used for analytics, systems engineering, business development, forecasting operations, and admin expenses. precursor spc has successfully forecasted 50 earthquakes in five countries. It has also been awarded a joint contract from the US and UK defense departments.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-647,544 |
$-672,407 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$66,051 |
$105,646 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$181,384 |
$158,979 |
|
Short-Term Debt |
$299,028 |
$104,443 |
|
Long-Term Debt |
$1,404,774 |
$939,775 |
|
Total Liabilities |
$1,703,802 |
$1,044,218 |
Financials as of: 02/05/2021
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