RAD AI

Early Stage

Platform providing advertiser content for users to share

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Wefunder

Start Date

01/07/2022

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$5,000,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$18,000,812

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Location

Santa Monica, California

Industry

Business Services, Software, & Applications

Tech Sector

AdTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

RAD AI, with a valuation of $18 million, is raising funds on Wefunder. The company leverages data and analytics for fully-automated influencer marketing. The platform, RAD, is simple and effective and allows small and medium-sized businesses to drive targeted traffic and conversions. The business has a 12-month run rate of $1.2 million and expects three-times revenue growth from 2021 to 2022. Jeremy Barnett founded RAD AI in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for sales, marketing, brand building, and expansion of product and technology offerings.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$169,666

$671,474

COGS

$156,551

$152,307

Tax

$1,998

$102

 

 

Net Income

$-1,034,099

$-712,929

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$345,596

$4,092

Accounts Receivable

$43,944

$40,353

Total Assets

$706,498

$270,982

Short-Term Debt

$1,288,713

$472,161

Long-Term Debt

$1,437,929

$792,366

Total Liabilities

$2,726,642

$1,264,527

Financials as of: 01/07/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAD AI 04/30/2022 Wefunder $18,000,812 $0 Equity - Common Active RegCF
Rad Intelligence 09/18/2020 Wefunder $5,000,000 $816,583 SAFE Funded RegCF
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RAD AI on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Common
Valuation: $18,000,812
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