RaceYa

RaceYa

Early Stage

Teaching kids STEM through customizable radio-controlled cars

Teaching kids STEM through customizable radio-controlled cars

Overview

Raised to Date: Raised: $84,546

Platform

Republic

Start Date

07/17/2016

Close Date

10/30/2016

Min. Goal
$70,000
Max. Goal
$500,000
Min. Investment

$25

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

25%

Year Founded

2014

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Location

New York, New York

RaceYa, with a valuation of $5 million, is raising funds on Republic. The company has developed customizable radio-controlled cars to teach kids about STEM. RaceYa is replacing stereotypes with skills and offers hands-on science activities that boost girls’ and boys’ confidence. The RaceYa cars have been tested in playgrounds around New York City and have been featured in Forbes, AlleyWatch, and The Wall Street Journal. Abigail Edgecliffe-Johnson founded RaceYa in April 2014. The current crowdfunding campaign has a minimum target of $70,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, manufacturing, research and development, future wages, repayment of obligations, curriculum development, and general working capital.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$49,917

$7,781

Tax

$0

$0

 

 

Net Income

$51,179

$7,781

Summary Balance Sheet

FY 2015 FY 2014

Cash

$22,199

$12,219

Accounts Receivable

$0

$0

Total Assets

$22,199

$12,219

Short-Term Debt

$0

$0

Long-Term Debt

$60,000

$0

Total Liabilities

$60,000

$0

Financials as of: 07/17/2016
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RaceYa on Republic 2016
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, RaceYa may no longer be accepting investments.

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