Prismatext
About this raise
Prismatext, with a valuation of $6 million, is raising funds on Republic. The company has developed a research-backed language learning platform. The platform combines useful foreign-language words and phrases into books and leads to easy and contextual language acquisition. Prismatext has over 100 books in 16 languages and has signed five publisher partnerships. Zak Erving and Phillip Belleau founded Prismatext in March 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring engineers for product development, expansion of user acquisition channels, and marketing.
Investment Overview
Invested : $58,201
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 11/29/2022
- Close Date
- 02/27/2023
$25,000
$1,235,000
$150
SAFE
Early Stage
RegCF
$6,000,000
0%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/27/2023 | Republic | $6,000,000 | $58,201 | SAFE | Funded | RegCF |