QuickClass

Growth Stage

A SOCIALLY RESPONSIBLE INVESTMENT OPPORTUNITY

Analytics

Raised to Date: Raised: $245,400

Aggregate Commitments $

Platform

Wefunder

Start Date

08/15/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,069,999

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series F

Price Per Share

$1.75

Pre-Money Valuation

$87,890,062

Rolling Commitments $

Status

Active

Reporting Date

10/02/2022

Days Remaining

210

% of Min. Goal

245%

% of Max. Goal

23%

Likelihood of Max
likely
Avg. Daily Raise

$5,113

# of Investors

33

Momentum
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Location

Provo, Utah

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

QuickClass, with a valuation of $87.9 million, is raising funds on Wefunder. The company has developed a private labeled training portal and course platform that includes various courses. The courses offered by QuickClass include required courses, study skill courses, and life skills courses. QuickClass is offered to schools in a low-cost fashion through a Sponsorship Advertising Revenue Program. The QCI license agreement costs $250 per year for a five-year exclusive agreement. Michael Miramontes founded QuickClass in June 2000. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,069,999. The campaign proceeds will be used for sales and marketing, product and content development, working capital, capital expenditures, and professional fees.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,450

$29,356

COGS

$22,102

$22,331

Tax

$0

$0

 

 

Net Income

$-771,089

$-693,495

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,947

$10,054

Accounts Receivable

$0

$1,250

Total Assets

$478,334

$507,403

Short-Term Debt

$761,504

$693,592

Long-Term Debt

$2,254,210

$1,580,102

Total Liabilities

$3,015,714

$2,273,694

Financials as of: 08/15/2022
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QuickClass on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $87,890,062

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