Procertas

Early Stage

Leveraging online learning to increase proficiency with essential business tools

Analytics

Raised to Date: Raised: $48,637

Aggregate Commitments $

Platform

Republic

Start Date

07/27/2020

Close Date

01/31/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

195%

% of Max. Goal

5%

Likelihood of Max
Funded
Avg. Daily Raise

$259

# of Investors

143

Momentum
Funded
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Location

Mount Pleasant, South Carolina

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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: 07/27/2020
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Procertas on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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