Procertas
Early Stage
Leveraging online learning to increase proficiency with essential business tools
Overview
Raised: $48,637
Total Commitments ($USD)
Platform
Republic
Start Date
07/26/2020
Close Date
01/31/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$259
# of Investors
143
Momentum
Funded
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Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Procertas, with a $10 million valuation cap, is raising funds on Republic. It is an online learning platform that teaches essential business tools, including Microsoft Office and other technologies. The individuals get to identify the gaps in their skill sets and address them through online learning. Procertas was founded by Casey Flaherty and Joseph Colucci in October 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand the impact of the company. Procertas has issued over 7,500 certifications and generated over $650,000 in lifetime revenues. The Procertas platform has been adopted by over 85 universities for their law program offerings, and by more than 50 firms for training their employees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$202,356 |
$228,507 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-170,895 |
$-108,492 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,867 |
$2,728 |
|
Accounts Receivable |
$4,250 |
$99,515 |
|
Total Assets |
$65,617 |
$154,743 |
|
Short-Term Debt |
$142,464 |
$164,742 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$142,464 |
$164,742 |
Financials as of: 07/26/2020
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