Proctor360

Proctor360

About this raise

Proctor360, with a valuation of $15.7 million, is raising funds on NetCapital. The company is developing solutions for monitoring online exams through remote proctoring. The demand for such solutions has shot up with the increasing use of online classes and blended instruction models. Proctor360 has developed its remote proctoring platform and completed the production of the first version of its 360 Total View headset. Ganga Bathula and Kranthi Bathula founded Proctor360 in October 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2,000,001. The campaign proceeds will be used for customer acquisition and marketing, software enhancement, production and inventory, and compensation for managers.

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Investment Overview

Invested this round: $131,382

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
09/01/2021
Close Date
01/31/2023
Min. Goal
$10,002
Max Goal
$2,000,001
Min. Investment

$99

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$15,758,001

Company & Team

Company

Year Founded
2018
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Location
Richmond, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Ganga Bathula
Title
CEO
Founder Name
Kranthi Bathula
Title
CTO

Financials

 Revenue
$52,667
 Monthly Burn
$2,759
 Runway
24+ months
Gross Margin
55%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$52,667

$1

COGS

$23,736

$0

Tax

$0

$0

 

 

Net Income

$-33,103

$-67,801

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$136,756

$39,417

Accounts Receivable

$1,183

$0

Total Assets

$172,681

$46,882

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2023 Netcapital $15,758,001 $131,382 Equity - Common Funded RegCF
07/03/2019 StartEngine $1,300,000 $83,504 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Proctor360 on NetCapital 2021
Platform: Netcapital
Security Type: Equity - Common
Valuation: $15,758,001
Price per Share: $3.00

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