Proctor360

Proctor360

Early Stage

Take Any Exam Anywhere

Take Any Exam Anywhere

Overview

Raised to Date: Raised: $131,382

Total Commitments ($USD)

Platform

Netcapital

Start Date

08/31/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/04/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$254

Momentum
Funded
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Year Founded

2018

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Richmond, Virginia

Business Type

Growth

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.

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

Financials as of: 08/31/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Proctor360 01/30/2023 Netcapital $15,758,001 $131,382 Equity - Common Funded RegCF
Proctor360 07/02/2019 StartEngine $1,300,000 $83,504 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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

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