QuickClass
Growth Stage
A SOCIALLY RESPONSIBLE INVESTMENT OPPORTUNITY
Overview
Raised: $250
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/14/2022
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$1,069,999
Min. Investment
$250
Security Type
Equity - Preferred
Series
Series F
SEC Filing Type
RegCF
Price Per Share
$1.75
Pre-Money Valuation
$87,890,062
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1
# of Investors
1
Momentum
Not Funded
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Year Founded
2000
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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: 08/14/2022
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