PreSend

PreSend

Closed: Jul. 2024

About this raise

PreSend, with a valuation of $30.8 million, is raising funds on Akemona. The company has developed dually patent-pending cross-blockchain transaction security software. PreSend is targeting exchanges, including Binance, BitFinex, GATE.io, OKX, and Coinbase, as well as wallets like Ledger, Opera, Metamask, and Kucoin. The software has two pending patents in 28 jurisdictions and plans to generate revenue through licensing fees from institutional-grade partners. Drew Wolfer and Lawrence Holisky founded PreSend in September 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $2.5 million. The campaign proceeds will be used for operations, investment objectives, capital requirements, and other financial requirements.

Expand

Investment Overview

Invested this round: $66,958

Deal Terms

Total Commitments

Platform
Akemona
Start Date
05/23/2024
Close Date
07/25/2024
Min. Goal
$15,000
Max Goal
$2,500,000
Min. Investment

$50

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$250.00

Pre-Money Valuation

$30,833,333

Company & Team

Company

Year Founded
2023
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Wilmington, Delaware
Business Type
High Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Drew Wolfer
Title
CEO
Founder Name
Larry Holisky
Title
Founder

Financials

 Revenue
$467
as of FY2023
 Monthly Burn
$20,000
as of FY2023
 Runway
0.5 months
as of

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$467

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-819,805

$-1,092,198

Summary Balance Sheet

FY 2023 FY 2022

Cash

$404,418

$1,278,968

Accounts Receivable

$0

$0

Total Assets

$404,887

$1,278,968

Short-Term Debt

$3,586

$2,293

Long-Term Debt

$2,313,304

$2,368,873

Total Liabilities

$2,316,890

$2,371,166

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/25/2024 Akemona $30,833,333 $66,958 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
PreSend on Akemona 2024
Platform: Akemona
Security Type: Equity - Common
Valuation: $30,833,333
Price per Share: $250.00

Follow company

Follow PreSend on Akemona 2024

Buy PreSend's Deal Report

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

PreSend Deal Report

Get Kingscrowd's comprehensive report on PreSend including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether PreSend is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the PreSend deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge