RAIDATech

RAIDATech

Growth Stage

Superior blockchain alternative using patented technology

Superior blockchain alternative using patented technology

Overview

Raised to Date: Raised: $112,500

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

01/02/2023

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    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$89,219,325

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$326

Momentum
Funded
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Youngsville, North Carolina

Business Type

Growth

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: 01/02/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
RAIDATech 12/13/2023 Silicon Prairie Online $89,219,325 $112,500 Equity - Common Funded RegCF
RAIDAtech 02/27/2021 truCrowd $15,000,000 $642,565 Equity - Common Funded RegCF
RAIDAtech 10/30/2019 truCrowd $10,700,000 $172,320 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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RAIDATech on Silicon Prairie Online 2023
Platform: Silicon Prairie Online
Security Type: Equity - Common
Valuation: $89,219,325
Price per Share: $2.00

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