RAIDATech
Growth Stage
Superior blockchain alternative using patented technology
Overview
Raised: $112,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
01/03/2023
Close Date
12/14/2023
Min. Goal
$20,000
Max. Goal
$2,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$89,219,325
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
12
% of Min. Goal
560%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$336
Momentum
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
RAIDATech, with a valuation of $89.2 million, is raising funds on Silicon Prairie Online. The company aims to use the patented RAIDA technology solutions for various digital currencies and tokenization. As a first step, RAIDATech is taking an existing coin, Cloudcoin, and placing it on various large-scale exchanges. The company is using technology that is more secure, faster, more scalable, and more affordable than blockchain technology. Adam Steven Fogerson founded RAIDATech in 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $2 million. The campaign proceeds will be used for development and staffing costs, promotional and publicity costs, and general operating capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$195,763 |
$14,445 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-620,447 |
$-259,967 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$171,786 |
$324,388 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,299,693 |
$748,267 |
|
Short-Term Debt |
$530,973 |
$27,500 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$530,973 |
$27,500 |
Financials as of: 01/03/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| RAIDATech | 12/14/2023 | Silicon Prairie Online | $89,219,325 | $112,000 | Equity - Common | Active | RegCF |
| RAIDAtech | 02/28/2021 | truCrowd | $15,000,000 | $642,565 | Equity - Common | Funded | RegCF |
| RAIDAtech | 10/31/2019 | truCrowd | $10,700,000 | $172,320 | Equity - Common | Funded | RegCF |
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