Procertas
About this raise
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.
Investment Overview
Invested : $48,637
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 07/27/2020
- Close Date
- 01/31/2021
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -11.4% YoY
- $202,356
- Monthly Burn
- $14,241
-
Runway
- 1 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/31/2021 | Republic | $10,000,000 | $48,637 | SAFE | Funded | RegCF |